December 18, 2014
HMRC receives £32 million from Tax Avoidance Scheme Users
The first crop of tax avoidance scheme users to receive the much publicized Accelerated Payment Notices (APN) have paid the taxman a staggering £32 million to date. Around 30 scheme...
Autumn Statement: How does it affect you?
The Chancellor of The Exchequer George Osborne has just published his Autumn Statement. Here is a summary of the key points: Economy • 3% growth forecast in 2014, up from...
December 3, 2014
Public revenue boosted by tax cuts
A Price Waterhouse Cooper study has suggested that tax cuts may be boosting the amount of public revenue derived from business. The study showed a significant increase in yield for...
LDF clients must give ‘informed consent’ for e-mail communication
Tax payers using the Liechtenstein Disclosure Facility (LDF) must give "informed consent" to their tax investigations specialists to communicate with HM Revenue & Customs via e-mail due to concerns over...
November 26, 2014
Record high for backlog of disputed tax
HM Revenue & Customs very public new 'no nonsense approach' on suspected tax avoidance has pushed the backlog of tax disputes to a new record high of 27,246, with a...
November 21, 2014
Second HMRC blunder leaves ‘100,000’ in the dark
As many as 100,000 workers are currently facing uncertainty after a leaked e-mail from HM Revenue & Customs showed that their final bills for last year may have been miscalculated....
Indirect Tax levies up 49% in the past decade
The Government's use of indirect taxation has increased by 49% in the past decade as it moves its tax base away from direct sources, according to Bloomsbury Professional, a leading...
November 19, 2014
HMRC needs to speed up tax investigations says MPs
The Public Accounts Committee has criticised HM Revenue & Customs has been criticised by The Public Accounts Committee who have voiced concerns about the Taxmans for "unacceptably slow" action against...
November 7, 2014
HMRC to fall short of £3bn LDF target
The Liechtenstein Disclosure Facility (LDF) is set to fall well short of the £3bn target that was set by former HM Revenue & Customs Permanent Secretary Dave Hartnett in 2012....