Well it wouldn’t be New Year without the ubiquitous top ten list. We’re all used to seeing top ten lists such as ‘best TV moment’, ‘most embarrassing political quote’ and ‘top ten pop songs’. Well this year HMRC has joined in the fun by releasing its top ten tax fraud and organised crime cases from the last twelve months.
It may be the season of goodwill but even Christmas is covered by HMRC regulations. Here’s our guide on how to stay on the right side of those rules this Christmas.
The Finance Ministers of EU Member States have published the first ever EU list of non-cooperative tax jurisdictions.
In the era of multimillionaire footballers it may sound counter intuitive for HMRC to introduce new guidance to protect employed sportspeople on modest incomes from the recent changes to the rules on sporting testimonials. There is now a £100,000 exemption that applies.
The Chancellor delivered his budget on 22 November. Below are some of the highlights we’ve identified that we think will be of particular interest to accountants and their clients with a particular focus on tax.
Despite the Office of Tax Simplification (OTS) recently published a report setting out a range of proposals for simplifying VAT, the Chancellor rejected their proposals in yesterday’s Budget.
Following consultation with agents and stakeholders, HMRC has announced that the Trust Registration Service (TRS) deadline for new trusts has been extended further from 5 October 2017 to 5 January 2018.
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!
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 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.
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