IFA and tax promoter guilty of film tax fraud
An IFA and an accountant have been convicted of attempting to steal millions in a tax fraud linked to the film industry.
Tax Evasion
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UK tax evaders given one last chance to come clean
The financial secretary to the Treasury, David Gauke, launched a campaign warning offshore tax evaders that HM Revenue & Customs (HMRC) will start to receive details on UK taxpayers from more than 90 countries.
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Isle of Man chief calls Osborne’s tax clampdown ‘unrealistic’
Isle of Man chief minister Allan Bell has predicted that George Osborne will struggle to raise the additional £5bn a year from clamping down further on tax avoidance and evasion, identified as a new target in the UK Government’s Autumn Statement.
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Osborne targets tax avoiders with 60% penalty
A new penalty of 60% on tax due will be levied against tax avoiders in all cases successfully tackled by the General Anti Abuse Rules (GAAR), Osborne announced in his joint Autumn Statement and Spending Review on Wednesday.
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Liechtenstein and EU sign tax transparency agreement
Liechtenstein and the EU Commission have signed an agreement on the automatic exchange of information (AEOI), which will ensure greater transparency and cooperation between tax authorities.
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Tax body chides UK Gov’t plan to jail accidental evaders
The UK Government’s pledge to introduce a criminal offence that could put unintentional offshore tax evaders behind bars has been criticised by the Chartered Institute of Taxation (CIOT).
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Soccer star Messi to face Spanish court on tax charges
International soccer star Lionel Messi will have to face trial for alleged tax fraud in Spain after a court in Barcelona turned down an appeal by his lawyers, the El Pais newspaper reported.
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Global film scheme gang on trial for £100m tax fraud
A financial adviser and a group of film producers who set up an international scheme are facing a trial for fraud.
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UK Gov’t lowers wealth sights for tax investigations
The UK government is targeting more individuals in the £10m to £20m wealth bracket for tax non-compliance investigation, according to accountancy firm Crowe Clark Whitehill.
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Experts question focus of HMRC offshore tax evasion powers
Experts have criticised HM Revenue & Customs for using scare tactics and having an incorrect focus after the government body announced new “strict liability” powers to tackle offshore tax avoidance last week.
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New UK offshore tax laws must prove criminal intent – CIOT
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation (CIOT).
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Serial tax avoiders to be ‘named and shamed’, Osborne reveals
The UK’s chancellor of the exchequer has said serial users of tax avoidance schemes will be ‘named and shamed’ as he promised to introduce further measures to tackle evasion, avoidance and aggressive tax planning in his Summer Budget.