Search Results for: HM Revenue and Customs
HMRC launch criminal investigation into global financial institution
April 7th, 2017
HMRC, alongside our international partners, launched an investigation for suspected tax evasion and money laundering by a global financial institution. HM Revenue and Customs is getting increasingly tougher on offshore tax evasion, collecting more than £2.7 billion since 2010. Yesterday, ...
HMRC Adds To Main VAT Registration Guide
September 29th, 2016
The UK tax authority, HM Revenue and Customs, has updated VAT Notice 700/1 on value-added tax (VAT) registration following law changes intended to prevent VAT evasion. The Notice has been updated following the introduction of new powers for HMRC ...
International Telecom Group offices raided over money laundering and tax fraud suspicion
June 22nd, 2016
Nineteen people have been arrested and nine of them charged with money laundering after BuzzFeed News revealed Lycamobile’s “deeply suspicious” cash movements. The Conservative party’s biggest donor, the telecoms giant Lycamobile, has been raided by French police on suspicion ...
HMRC’s response to the ICIJ story on offshore tax evasion
April 5th, 2016
Jennie Granger, Director General of Enforcement and Compliance, HM Revenue and Customs, said: HMRC is committed to exposing and acting on financial wrongdoing and we relentlessly pursue tax evaders to ensure that they pay every penny of taxes and fines ...
HM Revenue & Customs continues quest to develop digital presence by ditching IT contract that cost it £10bn
March 31st, 2016
The UK’s tax authority made another move in its mission to go fully digital today by dropping an IT contract worth £10bn. HM Revenue and Customs (HMRC) has agreed a phased exit from a contract with IT suppliers Aspire ...
HMRC Welcomes Bank Bonus Tax Scheme Ruling
March 22nd, 2016
HM Revenue and Customs (HMRC) has welcomed a court ruling against a major tax avoidance scheme used by banking giants UBS and Deutsche Bank, in which the agency successfully argued that the scheme had been designed to avoid around ...
HMRC: Government names new bosses at tax authority
February 25th, 2016
The government has appointed new bosses at the UK tax authority HM Revenue and Customs (HMRC). Jon Thompson has been appointed chief executive; he is currently Permanent Secretary at the Ministry of Defence. Edward Troup, who has been responsible ...
KPMG’s Top Financial Adviser quits over alleged tax scandal
January 21st, 2016
KPMG’s Patrick McCoy quits over alleged tax scandal Patrick McCoy, one of the top financial advisers in the UK, is among 10 people allegedly charged with tax evasion. Days after being accused, McCoy, the head of investment advice and ...
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
HMRC: Lin Homer to step down as HMRC CEO in April
January 12th, 2016
Lin Homer has announced today that she is to leave HM Revenue and Customs (HMRC) in April, after more than four years as Chief Executive and Permanent Secretary and a public service career spanning 36 years. Lin Homer joined HMRC in ...
