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.
Inheritance tax paid to the UK Government jumped by nearly 10% in the last year, as the amount levied from estates reached £3.4bn.
The UK Governments continued aggressive stance towards tax avoidance and the blurring of its distinction between avoidance and evasion has raised concerns that more mainstream legitimate tax mitigation tools could come under increased scrutiny.
HM Revenue & Customs has claim its eighth tribunal win over tax avoidance schemes run by NT Advisors, bringing the total amount of UK tax it claims to have protected to £750m.
International Adviser looks at four cases of celebrities being targeted for their investment into tax avoidance schemes.
Increased flexibility on pensions announced in the UK Budget earlier this year will be extended to those with defined benefit pensions, the Government confirmed today, but advice will be restricted to only FCA-authorised firms.
Proposals by HM Revenue & Customs to crack down on tax avoidance have now received Royal Assent.
Former cabinet minister Andrew Mitchell, who resigned over the so-called “Plebgate affair”, has been identified as an investor into the controversial Ingenious film investment scheme.
HM Revenue & Customs has recovered £135m from 24,000 clients named on a list of HSBCs Swiss private banking operation, which were revealed in a leak by a former employee.
HM Revenue & Customs has today published a list of tax avoidance schemes whose users may be required to make upfront payment of tax.
Ingenious Asset Management has completed its acquisition of Thurleigh Investment Managers and its £300m of onshore and offshore assets.
