Press Releases • Mar 09, 2016 12:24 GMT
HM Revenue and Customs (HMRC) has shut down a major tax avoidance scheme used by banking giants UBS and Deutsche Bank (DB), designed to avoid around £135 million in tax.
Press Releases • Jan 30, 2015 14:43 GMT
HM Revenue and Customs (HMRC) has today published the consultation paper, ‘Strengthening Sanctions for Tax Avoidance’, setting out proposals to tackle the serial use of tax avoidance schemes.
Press Releases • Jun 04, 2013 09:48 BST
A property development company has failed in its attempt to avoid paying tax on a property sale by creating a “loss” of £1.6 million. It used a scheme that involved buying and surrendering investment bonds issued by a life assurance company.