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.
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.
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.
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.
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.
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.
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.
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.
HM Revenue & Customs has denied claims it plans to collect IHT from an estate before the individual has died.
Over 30,000 tax avoiders could receive HM Revenue & Customs threats of bankruptcy over contentious tax starting from as early as this month, says a leading tax law firm.
A leading tax expert has called for HM Revenue & Customs to “ease off and stop being pedantic” over tax avoidance schemes and instead give investors an opportunity to “get on with their lives” and settle their owed tax.
Spanish prosecutors have alleged that Barcelona footballer Lionel Messi avoided paying £3m in tax through the use of UK firms.
