Search Results for: HMRC
HMRC: ‘Persuasive promoters’ lure taxpayers into avoidance schemes
March 2nd, 2016
AN INVESTIGATION into tax avoidance schemes has revealed that people are regularly introduced to avoidance arrangements via family, friends and accountancy firms, despite being aware that they are ‘unusual’ and ‘at the edge of tax law’. The HMRC report attempted to understand ...
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 ...
HMRC condemns Growth Securities Ownerships Plan
February 9th, 2016
TAX AVOIDANCE schemes that are based on contracts for difference have been labelled “ineffective” by HMRC as it looks to challenge any employer that’s using the initiative. These claims by the tax department come nearly seven years after a major ...
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 ...
HMRC pushes ahead with criminalising failure to prevent tax evasion
December 11th, 2015
New offence could become a ‘damp squib’ ignored by foreign companies, warns tax lawyer HMRC is to go ahead with a bid to create a new criminal offence for failure to prevent tax evasion, despite warnings of significant challenges ...
Four senior KPMG partners arrested in HMRC tax evasion inquiry
November 27th, 2015
Accountancy firm places most senior staff in Northern Ireland on administrative leave pending tax evasion inquiry Four senior executives from the Belfast office of accountancy firm KPMG have been arrested in Belfast on alleged tax evasion charges. The four partners were ...
HMRC collects £3.5bn from investigations into big businesses’ underpaid corporation tax
November 23rd, 2015
HMRC collected an extra £3.5bn in corporate tax from challenging businesses on their payments in the last tax year, according to figures from Pinsent Masons. The £3.5bn came from investigations into underpaid corporation tax carried out by HMRC’s Large Business ...
HMRC’s step to become a tax authority fit for the future
November 16th, 2015
HMRC announces next step in its ten-year modernisation programme to become a tax authority fit for the future Fewer, more modern regional centres and highly skilled staff will provide customers with better services HMRC has today announced the next ...
HMRC imposes 45% corporation tax without warning
November 9th, 2015
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...
