‘Spy’ evades tax
HMRC is always keen to publicise any wins they have against tax evasion in the courts. This latest win against a ‘spy’ really has to be read to be believed!
Latest News
Penalties for enablers of tax evasion and non-compliance
HMRC have published a new factsheet CC/FS17a explaining penalties for enablers of offshore tax evasion or non-compliance. Here we take a look at what is included.
HMRC publishes new settlement terms
HMRC has published guidance on recognising disguised remuneration tax avoidance schemes and which explains how individuals can settle their tax affairs, ahead of the introduction of the new loan charge. Here we take a look at the changes and what it could mean for people who have used trust based planning arrangements.
Sin taxes doubled
Recent research by accountants UHY Hacker Young shows that HMRC’s yield from investigations into tax paid on cigarettes and alcohol more than doubled this year.
Paying HRMC by personal credit card
From 13 January 2018 HMRC will no longer be accepting payments made from personal credit cards. HMRC is only allowed to accept credit card payments on the basis that there is no cost to the public purse, and the EU Payment Services Directive 2, which comes into effect on this date, prohibits merchants (including HMRC) from recharging associated fees […]
Money laundering supervision fee changes
HMRC has updated its guidance on the fees payable when registering for anti-money laundering supervision, and how to pay them, including details of a new £40 approval fee payable by accountancy services providers.
Are you ready for HMRC Follower Notices?
We know that HMRC intend to issue Follower Notices along with Accelerated Payment Notices (APNS) to people who have used certain tax planning arrangements.
Creative industry tax reliefs
Creative industry tax reliefs are a group of 7 Corporation Tax reliefs that allow qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits.
Understanding tax evasion by Small and Mid-Sized Businesses
HMRC has recently published the results of a piece of qualitative research they commissioned to inform their understanding of tax evasion amongst Small and Mid-Sized Businesses. It makes for interesting reading.
HMRC revised policy on care home building VAT
HMRC has published its revised policy on the VAT zero rate for new buildings intended for use solely as care homes, following a series of legal cases.