A record high of £14.6bn of corporation tax (includes Bank Levy), was paid by the financial services sector in the UK last year, up 24% from the £11.8bn paid ... Read More
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 ... Read More
Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made ... Read More
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 ... Read More
Buried in the hefty tome presented to the House of Commons at the Budget last week were these 36 words: “Direct recovery of debts – This government will introduce ... Read More
Chancellor pledges lowest corporation tax in the G20 – but casts punitive net over the UK’s small lenders Chancellor George Osborne ushered in a new tax regime for British banks yesterday, ... Read More
Amount paid by HMRC to reward tip-offs rises by 50% in a year in bid to recoup tens of billions lost annually to tax fraud The amount of money ... Read More
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to ... Read More
Lawyers and other tax advisers who aid clients evade tax will the subject of penalties under a new criminal offence which is to be announced by the UK government ... Read More
Instead HM Revenue and Customs will automatically collate the tax affairs of millions of Britons from employers, banks and investment firms into a single “digital” tax account which can ... Read More
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