Celebrities in firing line as HMRC looks to recoup
Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.
HMRC
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hmrc proposals to help clear tax avoidance case
Controversial HM Revenue & Customs proposals hoping to tackle the backlog of outstanding tax avoidance cases have come under fire from the Chartered Institute of Taxation (CIOT).
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victory over hmrc paves way for repayment claims
HMRC last week lost a case in the UKs Supreme Court which could have a widespread impact on how company contributions to pension schemes are treated.
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gibaltar to enter qnups market
Pension fund administrators in Gibraltar will soon be able to offer qualifying non-recognised UK pension schemes (QNUPS) to individuals with UK tax obligations who have left the UK for good.
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dj chris moyles and former liontrust manager
A tax avoidance scheme used by celebrities and fund managers, including one-time Radio 1 DJ Chris Moyles and former Liontrust fund manager Eoghan Flanagan, has been closed down by HMRC.
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consultation closes today on hmrc plan
A consultation closes this evening on a plan that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute.
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are your clients protected from the lifetime
As the drop in the lifetime allowance looms, Brooklands Pension’s Chris Melville runs through the changes and the options open to your clients.
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qrops industry in split over pre-age-55
A debate is under way in the QROPS industry about whether pension fund trustees are right to permit QROP scheme members to begin taking pension benefits before the age of 55‚ if the scheme members have lived outside the UK for more than five complete tax years.
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hmrc claims 100m victory in offshore tax evasion
A “serial avoidance promoter” has lost its third attempt to appeal a decision by HM Revenue & Customs that an offshore scheme it was running avoided tax illegitimately.
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judicial review cases against hmrc leap
The number of judicial review applications made against HM Revenue & Customs has jumped by nearly a third, according to figures obtained by law firm Pinsent Masons.
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hmrc warns swiss accounts of investigation
HM Revenue & Customs is getting ready to send out a second targeted tranche of letters later this month aimed at taxpayers who may be impacted by the UK/Swiss Tax Cooperation Agreement.
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I had a run in with a cow and nine other
There are valid reasons for filing a tax return late, so says HM Revenue & Customs, it’s just that these ten are not…