HMRC fights itunes scam

HMRC has written to the Chief Executives of Asda, Morrisons, Sainsbury’s, and Tesco to enlist their help in fighting a high-profile iTunes phone scam which is conning vulnerable and elderly people out of thousands of pounds.

HMRC spotlight on contractor schemes

HMRC is actively pursuing users and promoters of contractor schemes in an effort to prevent tax avoidance and evasion. They are also using Accelerated Payment Notices (APNs) and Follower Notices to encourage people to reach settlement with HMRC.

Construction services, VAT and zero-rated relief

HMRC has published a VAT Information Sheet which sets out its policy on how VAT is applied to the construction of buildings that keep or make use of parts of a building that previously stood on, or was adjacent to, the site where the works of construction are taking place.

HMRC, Bitcoin and other cryptocurrencies

HMRC has set out its position on the tax treatment of income received from, and charges made in connection with, activities involving Bitcoin and other similar cryptocurrencies, specifically for VAT, Corporation Tax (CT), Income Tax (IT) and Capital Gains Tax (CGT)

Deemed Domicile rules

HMRC have revised their deemed domicile rules for Income Tax and Capital Gains Tax which came into effect from April 2017.

Self Assessment facts and figures

HMRC has published details relating to the number of completed tax returns submitted before the 31 January deadline, the majority of which were done through their online portal.

New Office for Professional Body Anti-Money Laundering Supervision

The government has set up the new Office for Professional Body Anti-Money Laundering Supervision (OPBAS) to be the new regulator to strengthen the UK’s anti-money laundering (AML) supervisory regime and ensure the professional body AML supervisors provide consistently high standards of AML supervision.

Serial Tax Avoidance Regime

HMRC has published new guidance supporting the Serial Tax Avoidance Regime (STAR) legislation which explains what will happen if you use tax avoidance schemes that are defeated through the courts.

Baxendale Walker Remuneration Trust

If you or your clients have used the Baxendale Walker Trust scheme for tax avoidance purposes and are now being pursued by HMRC to enter into a settlement agreement read how we can assist.