European Commission notified about more than 380 potentially unlawful tax breaks in the last five years
Tax

European Commission notified about more than 380 potentially unlawful tax b...

5y Tom Lemmon

European Commission notified about more than 380 p...

The European Commission has been made aware of around 385 tax breaks which may be unlawful under State aid rules over the last five years, according t...

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HMRC's Profit Diversion Compliance Facility: what do businesses need to know?
HMRC

HMRC's Profit Diversion Compliance Facility: what do businesses need to kno...

5y Pinsent Masons

HMRC's Profit Diversion Compliance Facility: what ...

Jason Collins (partner) and Catherine Robins (partner) at Pinsent Masons write for Accountancy Age Read More...

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125 CFOs fined by HMRC this year
HMRC

125 CFOs fined by HMRC this year

6y Emanuela Hawker , Reporter

125 CFOs fined by HMRC this year

International law firm, Pinsent Masons, has reported that this is a 9% increase in fines when compared to previous year Read More...

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3 years to settle tax disputes with large businesses
HMRC

3 years to settle tax disputes with large businesses

6y Emanuela Hawker , Reporter

3 years to settle tax disputes with large business...

Pinsent Masons has released a statement revealing that HMRC is taking longer to settle complex tax disputes involving larger businesses Read More...

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£59m in fines for UK's largest businesses
HMRC

£59m in fines for UK's largest businesses

6y Emanuela Hawker , Reporter

£59m in fines for UK's largest businesses

Pinsent Masons has released a statement detailing the latest surge in a portion of tax revenue generated by HMRC in the past year Read More...

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HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% rise on last year
HMRC

HMRC fraud investigation team collected £5.47bn in extra tax equaling 7% ri...

6y Emanuela Hawker , Reporter

HMRC fraud investigation team collected £5.47bn in...

HMRC looking to expand further on the 13% increase from civil investigations Read More...

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Tax evasion referrals jump 24% for individual taxpayers
Tax

Tax evasion referrals jump 24% for individual taxpayers

6y Emanuela Hawker , Reporter

Tax evasion referrals jump 24% for individual taxp...

According to Pinsent Masons, HMRC could investigate 27 ‘serious’ tax evasion claims against some of the UK’s biggest businesses Read More...

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Autumn Statement: tax gap under further attack
Corporate Finance

Autumn Statement: tax gap under further attack

6y Stephanie Wix , Writer

Autumn Statement: tax gap under further attack

New penalties are planned for those who enable the use of a tax avoidance scheme, announced in the Autumn Statement speech Read More...

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HMRC dawn raids increased by 34% in five years
HMRC

HMRC dawn raids increased by 34% in five years

7y Accountancy Age

HMRC dawn raids increased by 34% in five years

This is part of HMRC’s efforts to clamp down on white collar tax evasion, and new legislation criminalising failure to prevent tax evasion will give H...

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HMRC tax evasion assistance requests double in five years
Corporate Tax

HMRC tax evasion assistance requests double in five years

7y Accountancy Age

HMRC tax evasion assistance requests double in fiv...

In 2012, HMRC made 591 requests to foreign governments. In 2016, this number stood at 1096, a 7% increase on 1025 requests made in 2015 Read More...

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HMRC collects £943m through Accelerated Payment Notices
HMRC

HMRC collects £943m through Accelerated Payment Notices

7y Accountancy Age

HMRC collects £943m through Accelerated Payment No...

APNs are issued to individuals and businesses who are suspected of having engaged in tax avoidance, and require full payment of the disputed tax withi...

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Tax fraud loses HMRC £16bn
Corporate Tax

Tax fraud loses HMRC £16bn

7y Accountancy Age

Tax fraud loses HMRC £16bn

A total of £16bn was lost through tax fraud last year, according to estimates released by Pinsent Masons Read More...

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SFO in 'big league' following Rolls-Royce settlement
Business Regulation

SFO in 'big league' following Rolls-Royce settlement

7y Stephanie Wix , Writer

SFO in 'big league' following Rolls-Royce settleme...

Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time' Read More...

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Tax avoidance crackdown sees 80% jump in additional HMRC revenue
Accounting Firms

Tax avoidance crackdown sees 80% jump in additional HMRC revenue

7y Stephanie Wix , Writer

Tax avoidance crackdown sees 80% jump in additiona...

An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance Read More...

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Disputed 'transfer pricing' tax up 60% to £3.8bn
Company News

Disputed 'transfer pricing' tax up 60% to £3.8bn

8y Stephanie Wix , Writer

Disputed 'transfer pricing' tax up 60% to £3.8bn

The tax HMRC expects is underpaid by large companies through “transfer pricing” has risen by 60% Read More...

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Insolvencies fall this quarter but Brexit may lead to business failures next year
Accounting Firms

Insolvencies fall this quarter but Brexit may lead to business failures nex...

8y Stephanie Wix , Writer

Insolvencies fall this quarter but Brexit may lead...

Businesses remain concerned about the upcoming changes with Brexit, but insolvency numbers have fallen during this third quarter Read More...

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