Parking fines not tax deductible court rules
Security firm G4S cannot set its parking fines against its tax bill, the tax tribunal ruled today.
HMRC wins £635 million for the public in landmark case against Eclipse 35 avoidance scheme
Following a lengthy legal battle, the highest court in the land, The Supreme Court, today ruled in favour of HM Revenue and Customs, refusing the Eclipse Film Partners (No 35) LLP, permission to appeal last year’s Court of Appeal decision, protecting an estimated £635 million in tax.
Eclipse claimed to trade in film rights but was in reality a tax avoidance scheme, seeking to create substantial
HMRC statement on ICIJ story
Jennie Granger, HMRC Director General of Enforcement and Compliance, said:
“HMRC is committed to exposing and acting on financial wrongdoing and we relentlessly pursue tax evaders to ensure that they pay every penny of taxes and fines they owe.
“HMRC can confirm that we have already received a great deal of information on offshore companies, including in Panama, from a wide range of sources,
HMRC announces agreement to exit its £10 billion IT contract
HM Revenue and Customs (HMRC) today announced that it has reached a final agreement with its major IT suppliers on the phased exit of the £10 billion Aspire IT contract, which ends in 2017.
Wealthy bankers’ bonuses speculative scheme denied in court
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.
Fines warning for alcohol wholesalers
Alcohol wholesalers are risking fines of up to £10,000 or even a criminal conviction if they fail to apply for registration by the end of March, HM Revenue and Customs warned today.
Stagecoach tax avoidance hits the buffers
A tax avoidance scheme used by Stagecoach to cut their tax bill by £11 million has been stopped in its tracks.
Tax is getting easier for small businesses and HM Revenue and Customs is showing how in a new video.
Tax is getting easier for small businesses and HM Revenue and Customs is showing how in a new video.
Minister urges wholesalers to register for alcohol scheme
Exchequer Secretary to the Treasury Damian Hinds has written to thousands of businesses urging them to apply for the new Alcohol Wholesaler Registration Scheme.
Taxman seizes more than £2 billion from tax avoidance scheme users
New statistics reveal that HMRC has collected more than £2 billion in disputed tax from tax avoiders, under rules introduced by the government in 2014.
Top 5 Questions for Self Assessment
At HM Revenue and Customs (HMRC) we strive to make it as easy as possible for you to submit your Self Assessment tax return but we know that sometimes you’ll need our help.
Men come out on top in battle of the taxes
New analysis revealed today by HM Revenue and Customs (HMRC) shows that men win the battle of the taxes as they are more likely than women to complete their tax return on time.
Show more
Loading...
