Thousands of tax bills miscalculated twice by HMRC
Tax bills for many thousands of people may have been miscalculated twice, according to a leaked staff email at HM Revenue & Customs.
HMRC
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DeVere Green praises maturing UK
The UK government’s proposal to give Qualifying Recognised Overseas Pension Schemes (QROPS) the same rights as traditional UK-based pensions demonstrates the maturity of the pension transfer market, says deVere’s Nigel Green.
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Jailed pension scheme frauds ordered
Two directors of Tudor Capital Management have been jailed and ordered to pay back £5.1m after they set up a fraudulent pension scheme
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HMRC to extract tax debt from wages
HM Revenue & Customs can now collect up to £17,000 a year in tax debts directly from the wage packets of high earners, following a largely overlooked constitutional change labelled staggering and regrettable by experts.
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HMRC issues first accelerated payment notices
HM Revenue & Customs has issued its first accelerated payment notices to suspected tax avoiders, and will continue to do so on a monthly basis until it has sent out over 40,000 demands.
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Vaccine tax avoidance scheme loses in court
A cynical tax avoidance scheme which abused the reliefs offered for research into life-saving vaccines to claim back £77m, has been rejected at a second tribunal.
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Property tax avoiders targeted by new HMRC
HM Revenue & Customs has established a taskforce to deal specifically with people trying to dodge property tax in the south west of England and in south Wales.
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Critics slam morally questionable HMRC
Financial advisers will be forced to endure sharp increases in lawsuits, insurance premiums and compensation costs in the wake of HM Revenue & Customs (HMRC) morally questionable tax avoidance clampdown, warn senior industry figures.
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Criminalised offshore regions increasingly
The impacts of HM Revenue & Customs plans to criminalise offshore tax evasion are looking increasingly severe, as nearly 40% of advisers with clients holding offshore assets claim their customers now prefer to invest into non-disclosure jurisdictions.
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HMRC is closing in on you Offshor
HM Revenue & Customs has told offshore tax evaders to come forward now before we come to you, as it makes failure to declare taxable offshore income and gains a strict liability offence.
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HMRC moves goalposts
UK employee benefit trust (EBT) users will no longer be granted access to the full tax saving benefits of the Liechtenstein Disclosure Facility (LDF), following a “remiss” agreement between HM Revenue & Customs and the Government of Liechtenstein.
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HMRC denies plans to charge IHT before death
HM Revenue & Customs has denied claims it plans to collect IHT from an estate before the individual has died.