The dog ate my tax return…
The deadline for self assessment tax returns is looming with a 31 January deadline. Here we take a look at some of the implausible excuses used for late filing that HMRC receives.
HMRC, Tax & Treasury
Taxing the gig economy
The gig economy has been in the news a lot this year with rise of Uber, Deliveroo, AirBnb and other companies that don’t have direct employees but rather use independent workers for specific tasks or services
Non-dom owners of UK residential property – tax changes
The government is proposing that UK residential property held by non-domiciled individuals through an overseas structure be brought within the scope of UK Inheritance Tax.
Spotlight falls on serial tax avoiders
The new Serial Tax Avoidance regime is set to increase pressure on taxpayers to reach settlement on and tax avoidance arrangements used in previous years.
Chancellor sticks to ‘business tax roadmap’
Here’s our take on some of the key tax-related points coming out of the first, and last, Autumn Statement from Philip Hammond, Chancellor of the Exchequer. Last only because in future there’ll be an Autumn Budget with a Spring Statement. The idea being that businesses can prepare for the new tax year knowing what changes in the budget affect their operation.
Professional bodies clamp down on tax planning
A number of the Bedrock team are members of the Chartered Institute of Taxation (CIOT) and have been watching with interest discussions within the CIOT and other professional bodies about the Professional Conduct in Relation to Taxation (PCRT).
Government targets tax evaders
The government’s new Criminal Finances Bill, published yesterday, contains far-reaching proposals to crackdown on corrupt politicians, tax evaders and criminals benefiting from the proceeds of financial crime.
Derbyshire man’s smuggling plans go up in smoke
HM Revenue and Customs (HMRC) is continuing its battle to stop the illegal smuggling of cigarettes which evades payment of excise duty and VAT and has been successful with another prosecution.
Accountants set to be fined for tax avoidance schemes
Previously HMRC has targeted businesses and individuals using tax avoidance schemes to reduce the amount of tax they pay. Now HMRC is firmly setting its sights on accountants and tax advisers who design, market or facilitate the use of such schemes.
Worthy of a film plot – fact rather than fiction
HMRC has recently won a significant case at Southwark Crown Court against a group of film producers, accountants, financial advisers and investment bankers who received a combined jail sentence of more than 36 years for faking tax rebates and cheating HMRC out of £2.2 million. The people involved in the scheme claimed false tax rebates linked to […]
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