Considerable concern at HMRC plan to lift
The commons treasury committee has expressed considerable concern at proposals to grant HM Revenue & Customs the power to take money directly from the bank accounts of tax avoiders.
HMRC
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greene king at the centre of 36m tax avoidance
A tax avoidance scheme used by Greene King, among others, designed to make taxable interest payments disappear, has been blocked for the second time by a tax tribunal.
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tax paid by non doms hits record high
Tax paid by so-called non-doms to the UK Treasury hit a record high of £6.8bn last year, according to data obtained by international law firm Pinsent Mason.
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strip club tax claim dismissed by tribunal
An exotic dance club that pursued legal action over the taxation of its services has had its case dismissed.
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public resists hmrc plans to sell
Over 80% of the public are against plans by HM Revenue & Customs to sell the personal financial data of millions of taxpayers to private firms, a survey by Baker Tilly has found.
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osbornes grand plan
There have been a number of significant announcements in the UK tax arena over the past few weeks. Here, George Bull, partner at Baker Tilly, takes stock of these changes.
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chancellors tax evasion plans blow to rule of law
Plans to remove a requirement to prove individuals with offshore accounts intended to evade tax are arguably a “blow to the rule of law in tax”, according to a partner at Baker Tilly.
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prison threat for undeclared offshore assets
The UK Government today published details of its latest plans to ramp up pressure on tax evaders who hide money offshore, which include making it easier to prosecute them, with a prison sentence possible for those found guilty, even if, it is being suggested, they did not intend to evade taxes.
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ldf tax yield could be less than half
The revenue the UK Government will see in its coffers as a result of the Liechtenstein Disclosure Facility amnesty scheme "is likely to fall significantly short of its £3bn target", a UK law firm has predicted.
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warn clients in tax disputes to get ready to pay
Advisers whose clients are among the 65,000 individuals and businesses said to be under investigation for having used UK tax avoidance schemes, are being told that they should begin urging these clients to line up the cash necessary to pay the disputed amount by early autumn.
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chancellor uses budget to scare tax cheats
Legislation enabling HM Revenue & Customs to be able to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a range of measures UK Chancellor George Osborne unveiled in his budget today.
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hmrc under fire over plans to force payment
Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.