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.
HMRC
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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.
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most wanted list of tax dodgers and fraudsters
UK tax officials have published names and photographs of its top 20 list of most wanted tax fugitives, and has called on the public to help catch them.
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hmrc issues fines to half a million taxpayers
Tax penalty notices are being sent to about 500,000 UK taxpayers this week, asking for payment of at least £1,200 for failing to submit their self-assessment tax returns.
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experts split on hmrc plans to remove
HM Revenue & Customs has published a consultation paper proposing to level one aspect of the tax treatment between onshore and offshore bonds, although industry experts are split on the impact this is likely to have.
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outside the uk does not mean outside tax
A leading tax expert is warning that, despite much recent publicity about offshore tax avoidance, in most cases assets held offshore by UK individuals are nearly always taxable.
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hmrc to resist rosiip group action in high court
HM Revenue & Customs has said it is actively resisting a case being brought against it by a group of investors who made investments into a Singapore-based pension scheme and who the tax authority is now chasing for a 55% tax charge.
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is todays treasury announcement the fault
Earlier today, the UK Treasury published proposals which could ultimately lead to HM Revenue & Customs being handed powers to “name and shame” individuals and companies who use aggressive tax avoidance schemes.
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what hmrc was thinking
Paul Evans, managing director of Dubai-based, multi-jurisdictional QROPS administrator Brooklands Pensions, looks at what HMRC was thinking when it tightened up the QROPS regulations
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hmrc tax hotline rings off the hook
HMRC has received more than 400,000 calls to its tax evasion hotline during the past five years, according to data obtained via a freedom of information request.