Avoidance schemes members to make upfront payments
A list of tax avoidance schemes whose users may be required to make an upfront payment of tax has been published today by HM Revenue and Customs (HMRC).
HMRC defeats NT Advisors again at a tax tribunal
Another avoidance scheme designed by NT Advisors has been defeated at a tax tribunal. HM Revenue and Customs (HMRC) scored its fifth victory against schemes promoted by Matthew Jenner and his firm, bringing the total tax protected to more than £750 million. Recent defeats for the promoters include “Working Wheels”, where participants claimed to be second-hand car dealers.
Second-hand car dealer tax scheme scrapped
A tribunal has found that a tax avoidance scheme which involved celebrities, fund managers and other high earners claiming that they were second-hand car dealers in their spare time did not work.
Bristol & West tax avoidance plan loses again
Bristol & West plc, owned by Bank of Ireland, has lost its second attempt to avoid £27 million of corporation tax by claiming that there was a loophole in the law governing the taxation of derivatives.
Film scheme loses appeal
The Upper Tax Tribunal has ruled that Eclipse 35, marketed as a tax efficient way to invest in the film industry, does not deliver the tax relief it claimed.
Court blocks bonus tax avoidance scheme
An offshore tax avoidance scheme used by an FTSE 100-listed investment management company to pay its employees tax-free bonuses has been closed by Scotland’s most senior court.
Clampdown on tax avoidance on UK property
Under new regulations published today, for the first time schemes designed to get around the Annual Tax on Enveloped Dwellings will have to be disclosed to HM Revenue and Customs (HMRC).
HMRC wins battle against SDLT avoidance
Successful court challenges against stamp duty land tax (SDLT) avoidance schemes by HM Revenue and Customs (HMRC) have protected almost £400 million of taxpayers’ money in the last year.
HMRC court wins protect over £1 billion
The total amount of tax protected by tackling corporate tax avoidance schemes has passed £1 billion in the first six months of 2013, David Gauke, Exchequer Secretary to the Treasury, announced today at the first HM Revenue and Customs (HMRC) Stakeholder Conference.
P&O avoidance scheme scuppered
P&O has failed in a bid to use a complex international tax avoidance scheme to avoid UK corporation tax.
Stamp Duty tax avoidance scheme scuppered
A tax tribunal has ruled against a Stamp Duty Land Tax (SDLT) avoidance scheme, protecting £135 million in tax.
Tax adviser’s trust scheme blocked
A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.
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