CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

4y Austin Clark, Editor

CGT clampdown nets HMRC £124m – but could lead to ...

Law firm warns that HMRC focus on entrepreneur’s relief could prompt increase in avoidance scheme usage Read More...

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‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

4y Emma Smith, Managing Editor

‘Google tax’ nets HMRC £281m

Diverted profits tax revenue collected by HMRC in 2016-17 totalled £281m, leaping from £31m collected in the previous year, according to data released...

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HMRC probing Manchester United players over image rights tax dodges

HMRC HMRC probing Manchester United players over image rights tax dodges

4y Alia Shoaib, Reporter

HMRC probing Manchester United players over image ...

HMRC is probing at least two Manchester United players over potential image rights tax dodging that allegedly occured over the 2014-2015 season Read M...

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Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4y Alia Shoaib, Reporter

Wealthy individuals could circumvent top tax rate ...

The research looked at Labour’s 2017 election manifesto proposals to raise the upper tax rates and found it would not necessarily generate more tax re...

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HMRC wins 22 out of 26 tax avoidance cases in 2016-17

HMRC HMRC wins 22 out of 26 tax avoidance cases in 2016-17

4y Alia Shoaib, Reporter

HMRC wins 22 out of 26 tax avoidance cases in 2016...

HMRC lost only three out of 26 tax avoidance cases taken to court last year and had one mixed result, positioning them as a formidable force Read More...

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Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4y Alia Shoaib, Reporter

Amazon UK halves its corporation tax bill despite ...

Retail giant Amazon halved its corporation tax bill in the UK to £7.4m in 2016, despite Amazon UK Services’ 54% increased turnover Read More...

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HMRC invokes GAAR to clamp down on gold bullion tax avoidance schemes

HMRC HMRC invokes GAAR to clamp down on gold bullion tax avoidance schemes

4y Alia Shoaib, Reporter

HMRC invokes GAAR to clamp down on gold bullion ta...

The GAAR advisory panel stated that the use of gold as payments for employees is “abnormal and contrived” and “not a reasonable course of action” Read...

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Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4y Alison Conley

Accountants shouldn’t neglect hybrid mismatch anti...

Alison Conley, partner at MHA MacIntyre Hudson, looks at hybrid mismatch anti-avoidance legislation, and why accountants should pay attention to it Re...

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Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5y Alia Shoaib, Reporter

Industry reaction: Taylor Review does not go far e...

While supportive of suggestions to afford gig economy workers more rights and protections, industry reaction suggests more tax reform is needed for me...

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HMRC receives record number of judicial reviews

HMRC HMRC receives record number of judicial reviews

5y Alia Shoaib, Reporter

HMRC receives record number of judicial reviews

HMRC received a record number of 90 judicial reviews last year, raising concerns about the tax authority's potential misuse of power Read More...

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Autumn Statement: Investment and tax avoidance highlighted in Hammond's speech

Corporate Tax Autumn Statement: Investment and tax avoidance highlighted in Hammond's speech

5y Kevin Reed, Writer

Autumn Statement: Investment and tax avoidance hig...

Billions of pounds of infrastructure investment planned; but tax tinkering still looms following Philip Hammond's first Autumn Statement Read More...

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Colin: Tell them about the money, mummy

Business Regulation Colin: Tell them about the money, mummy

5y Taking Stock

Colin: Tell them about the money, mummy

As advisers prepare for another Autumn Statement, they and their clients hope to avoid the grip of more red tape Read More...

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Five key tax and business burdens the chancellor must ease in Autumn Statement

Business Regulation Five key tax and business burdens the chancellor must ease in Autumn Statement

5y Kevin Reed, Writer

Five key tax and business burdens the chancellor m...

Alleviating tax red tape, and stronger investment incentives, are key requests for the chancellor Philip Hammond to consider from the ACCA Read More...

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Friday Afternoon Live: Making Tax Digital; CIMA prez's new role; tax conduct guidance

Corporate Tax Friday Afternoon Live: Making Tax Digital; CIMA prez's new role; tax conduct guidance

5y Kevin Reed, Writer

Friday Afternoon Live: Making Tax Digital; CIMA pr...

Making Tax Digital; CIMA's president taking up the chair role of its jointly-founded new international organisation; and new tax adviser conduct rules...

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European Commission told to draft financial transaction tax by year-end

Business Regulation European Commission told to draft financial transaction tax by year-end

5y Keith Nuthall, Reporter

European Commission told to draft financial transa...

The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s ...

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HMRC records £143m Court of Appeal win against NT Advisors

Tax Bodies HMRC records £143m Court of Appeal win against NT Advisors

5y Richard Crump, Writer

HMRC records £143m Court of Appeal win against NT ...

HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT Advisors’ latest s...

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Economic activity carried out in the UK must be taxed accordingly

Corporate Tax Economic activity carried out in the UK must be taxed accordingly

5y Accountancy Age, Reporters

Economic activity carried out in the UK must be ta...

Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion Read More...

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HMRC widens APN applications

Tax Bodies HMRC widens APN applications

5y Stephanie Wix, Writer

HMRC widens APN applications

HMRC is now targeting over 1000 different types of tax planning schemes for the issuing of Accelerated Payment Notices (APN’s). HMRC has recently adde...

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European Commission to draw up list of non-cooperative tax jurisdictions

Tax Avoidance European Commission to draw up list of non-cooperative tax jurisdictions

5y Richard Crump, Writer

European Commission to draw up list of non-coopera...

The European Commission is to draw up a first common EU list of non-cooperative tax jurisdictions based on a scoreboard Read More...

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EU competition head Vestager defends Apple tax ruling

Corporate Tax EU competition head Vestager defends Apple tax ruling

5y Richard Crump, Writer

EU competition head Vestager defends Apple tax rul...

EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Iri...

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Investors sue Ingenious Media over tax losses

Legal Investors sue Ingenious Media over tax losses

5y Richard Crump, Writer

Investors sue Ingenious Media over tax losses

A group of investors in film schemes HMRC has determined as tax avoidance are suing Ingenious Media, the company that offered the schemes, and leading...

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HMRC collects £3bn through accelerated payment notices

Personal Tax HMRC collects £3bn through accelerated payment notices

5y Richard Crump, Writer

HMRC collects £3bn through accelerated payment not...

HMRC has collected £3bn by forcing those under investigation for tax avoidance to pay up disputed tax immediately Read More...

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Friday Afternoon Live: Apple Tax; Robot accountants; and the Top 50

Business Regulation Friday Afternoon Live: Apple Tax; Robot accountants; and the Top 50

5y Kevin Reed, Writer

Friday Afternoon Live: Apple Tax; Robot accountant...

The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed Read More...

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Crunchers becomes the first accounting service awarded Fair Tax Mark

Accounting Firms Crunchers becomes the first accounting service awarded Fair Tax Mark

5y Richard Crump, Writer

Crunchers becomes the first accounting service awa...

Crunchers South London, a licensee of Crunchers Accountants, has become the first accounting service in the UK to receive the Fair Tax Mark award for ...

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Fewer companies aggressively tax plan as HMRC tightens loopholes

Tax Bodies Fewer companies aggressively tax plan as HMRC tightens loopholes

5y Richard Crump, Writer

Fewer companies aggressively tax plan as HMRC tigh...

Companies reported increased levels of scrutiny over their tax planning strategies last year as fewer FDs understand what HMRC considers as tax avoida...

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Treasury crackdown on advisers that enable tax avoidance ‘goes too far’

Tax Bodies Treasury crackdown on advisers that enable tax avoidance ‘goes too far’

5y Richard Crump, Writer

Treasury crackdown on advisers that enable tax avo...

Plans to fine accountants, tax planners and advisers who design, market or facilitate the use of tax avoidance arrangements go ‘too far’ and risk capt...

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Accountants to face tougher tax avoidance sanctions

Tax Bodies Accountants to face tougher tax avoidance sanctions

5y Richard Crump, Writer

Accountants to face tougher tax avoidance sanction...

Accountants and advisers who offer aggressive tax avoidance schemes are to face tougher sanctions under a new penalty regime to be announced by HM Tre...

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