The UK Parliament today published the Finance Bill 2013 containing a raft of measures aimed at tackling tax avoidance including the country’s first General Anti-Abuse Rule, as well as some expected minor amendments to the reporting requirements for QROPS.
A new unit has been established by HM Revenue & Customs to scrutinise the financial affairs of individuals and companies who have evaded tax for up to five years.
A senior group of MPs has raised serious concerns about the appointment of former border agency head Lin Homer to lead HM Revenue & Customs in January last year.
HM Revenue & Customs has won a court case against a tax avoidance scheme sold by Jersey-based Dominion Financial Services Group.
HM Revenue & Customs has published a list detailing the names and addresses of what it calls “deliberate tax defaulters”.
Two businessmen have been jailed for tax evasion and fraud after “lying about cash hidden in offshore bank accounts”, despite being given an opportunity to come clean to UK authorities.
The Isle of Man has moved one step closer to signing a “mini FATCA” agreement with the UK, and has also announced that a new IoM tax disclosure facility with the UK will be launched in April.
A first of its kind tax agreement signed between the governments of the UK and Switzerland in August 2011 has brought in more than £340m since it came into force on 1 January this year, according to HM Revenue & Customs.
HM Revenue & Customs has successfully challenged in court a scheme which planned to exploit rules established to help medical research in order to evade tax.
HM Revenue & Customs is to add 100 inspectors to its 200-strong Affluent Compliance Team, a team set up in 2010 to target wealthy Britons living in the UK who may be concealing money from the Revenue.
Just because you don't have a UK tax liability owing on your Swiss bank assets does not mean you are safe to ignore the reporting requirements imposed by a new UK-Swiss tax deal that took effect on 1 Jan.
HM Revenue & Customs has made 640 requests for information on individual’s tax affairs to overseas governments in the 2011 2012 tax year so far, according to research from international law firm Pinsent Masons.
