UK tax

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Record high of £14.6bn paid in corporation tax by UK financial services sector

14/08/2018(0)
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
HMRC

HMRC sets rules for Worldwide Disclosure Facility on unreported offshore accounts

29/08/2016(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 ... Read More
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More banks pay no UK tax, Labour wants tougher approach

04/01/2016(0)
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
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HMRC’s step to become a tax authority fit for the future

16/11/2015(0)
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
HMRC

HMRC debt recovery powers to raid bank accounts ride roughshod over Magna Carta principles

17/07/2015(0)
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
OSBORNE

George Osborne pledges lowest corporation tax in G20 but new bank tax hits UK small lenders

09/07/2015(0)
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
HMRC

UK tax authorities pay record £605,000 to informants

15/06/2015(0)
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
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UK Offshore Tax Disclosures – Use The LDF while you can [Update]

24/03/2015(0)
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
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UK plans criminal penalties for tax advisers who assist evasion

19/03/2015(0)
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
OSBORNE

Osborne announces the death of the annual tax return & the April 4th panic

18/03/2015(0)
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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