HMRC cracks down on serial tax avoiders
HM Revenue & Customs has proposed a tougher crackdown on users of multiple tax avoidance schemes.
HMRC
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Tax crackdown sees 60% surge in revenue
HMRC’s clampdown on tax avoidance and evasion saw the amount collected from mass affluent taxpayers soar by £137M according to a report from Pinsent Masons.
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Fully flexible QROPS to lose IHT-exemption
QROPS which embrace HMRCs full flexibility proposals will not qualify for inheritance tax-exemption because of an omission by the Revenue, a leading provider of the schemes has said.
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Reviews into HMRC late payment penalties increase
HMRC has seen a rise in the number of reviews requested by taxpayers into decisions it has made on late filing and late payment penalties.
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Women win the battle of the taxes
Women are more likely than men to send in their tax return on time, according to research by HM Revenue & Customs.
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Malta QROPS to receive full flexibility
QROPS domiciled in Malta will benefit from the full flexibility which is to be afforded to UK pensions, after a change to local pension legislation.
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The inspector has gone for a lie down HMRC
It's apparent the public are not the only ones guilty of making tax excuses, as Baker Tilly’s George Bull responds to HMRC’s list with his account of the Revenue’s own questionable responses to taxpayer affairs.
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Top 10 terrible tax excuses
HM Revenue & Customs has released its top 10 list of terrible tax excuses, once again showing that creative defences are not limited to schoolchildren who have not done their homework.
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Experts react to biggest ever QROPS changes
Pension experts have reacted favourably to HM Revenue & Customs draft legislation proposing full flexibility for QROPS, describing the news as the biggest change to the schemes since they came into play.
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QROPS to receive full flexibility
HM Revenue & Customs last week issued draft legislation to allow QROPS schemes the same flexibility in drawing pension benefits as will apply to UK pensions from 6 April.
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Accelerated payment notices secure tax
Almost all of the £29m in disputed tax due from the first group to receive accelerated payment notices has been recovered by HMRC.
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Calls to tax evasion hotline up 24
The number of calls to HMRC’s tax evasion hotline has increased by almost a quarter over the past year, however, very few calls are exposing large scale tax evasion.