Search Results for: HMRC

Smirnoff owner Diageo to pay HMRC £107m in ‘Google tax’ crackdown

May 12th, 2017 (1)
Drinks company will challenge HMRC claim for tax and interest over ‘diverted profits’ Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals. The FTSE 100 ...

HMRC raids two popular football clubs in UK in tax fraud allegations; Reports for arrests

April 27th, 2017 (0)
HMRC officials went to St James’ Park, where Newcastle have been celebrating a move back up to the Premiership, and also to the former Olympic stadium which is now home to the Hammers. There have been reports that the ...

HMRC launch criminal investigation into global financial institution

April 7th, 2017 (0)
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 (0)
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 ...

HMRC launches plans to tackle black economy

August 30th, 2016 (0)
HMRC has launched three consultations on proposals to clamp down on the black economy. The proposals include extending HMRC’s data gathering powers, forcing more business to register for tax purposes in order to access business services and licenses, and new penalties ...

HMRC sets rules for Worldwide Disclosure Facility on unreported offshore accounts

August 29th, 2016 (0)
The WDF will launch on 5 September 2016 and will be available to anyone who is disclosing a UK tax liability that relates wholly or in part to an offshore issue. This includes: income arising from a source outside ...

HMRC’s response to the ICIJ story on offshore tax evasion

April 5th, 2016 (0)
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 ...

HMRC investigations into underpaid ‘sin taxes’ yield £1.6 billion

March 29th, 2016 (0)
6% more than the £1.5 billion raised last year According to our research, HMRC investigations into underpayments of ‘sin taxes’ on cigarettes, alcohol yielded £1.63 billion in extra tax this year, up 6% on the £1.54 billion raised the ...

HMRC Welcomes Bank Bonus Tax Scheme Ruling

March 22nd, 2016 (0)
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 ...

54% of IPs see HMRC as ‘unhelpful’

March 11th, 2016 (0)
OVER half (54%) of insolvency practitioners (IPs) think HMRC makes it harder to rescue businesses than wind them up, according to a survey of the profession by R3, the insolvency trade body. And nearly three-in-four (71%) IPs believe HMRC has ...
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