celebs used tax breaks from shipwreck salvage
Celebrities and some of Britain’s most senior businessmen invested more than £110m into marine treasure hunts, which allowed them to avoid tax on millions of pounds, according to The Times newspaper.
HMRC
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hmrc head of tax is targeted by protesters
Protesters gatecrashed a college at the UK’s famous Oxford University where HMRC’s former head of tax Dave Hartnett was giving a speech, according to this week’s Oxford Times.
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those hiding assets offshore
Danny Alexander, the UK’s chief secretary to the treasury, this afternoon highlighted how “tax dodging is not limited to our own shores” at his Liberal Democrat party’s annual conference.
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hmrc claims victory over stamp duty avoidance
The UK government has won an important court case defeating the use of a widely-marketed scheme to avoid stamp duty land tax, the knock-on effect of which could see the UK exchequer save up to £170m in lost revenue.
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hmrc launches new tax evasion task forces
HM Revenue & Customs has launched a series of new task forces today to tackle tax dodgers, one of which is aimed at the London-based legal profession.
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hmrc used special computer software
HMRC has used special computer software to collect an additional £26m from inheritance tax over the last year, said David Gauke, exchequer secretary to the Treasury in a detailed speech earlier today at the Institute of Fiscal Studies conference.
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hmrc scoops extra half a million
HMRC has brought in £500m in extra tax, since a special unit was set up to deal with the tax affairs of the countrys wealthiest people.
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gibraltar announces qrops status confirmed
Gibraltar has issued a statement saying that its pension fund administrators have been given the green light in writing by HM Revenue & Customs to resume handling qualifying recognised overseas pension schemes.
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time apportioned reduction changes
Last week, HMRC published a consultation to propose changes to the time apportioned relief tax regime. Here Prudentials Gerry Brown explains what the revenue has set out to do.
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child spies for hmrc
HM Revenue & Customs has launched a new school module for teachers of teenage children in the UK, which some argue promotes the idea of children spying in their community for tax dodgers.
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hmrc claims 200m tax avoidance victories
HM Revenue & Customs has claimed a £200m tax avoidance victory today, after revealing details of three significant court cases it won last month.
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questions asked as hmrc removes all cyprus
HM Revenue & Customs last week removed all Cyprus based QROPS from its list of registered schemes – raising questions about why it did so and what HMRCs intention is towards the QROPS market.