HMRC’s win over Ernst & Young scheme protects more than £30m
HM Revenue and Customs (HMRC) has defeated a tax avoidance scheme used by a major brewery, protecting around £30 million in tax.
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Thousands check their company car tax online
More than 100,000 people have used a HM Revenue and Customs (HMRC) online service, to ensure that their car benefit and car fuel benefit is correct.
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Only one week left to renew tax credits
People are being warned to renew their tax credits so their payments don’t stop, with only seven days to go until the deadline.
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More than 1,500,000 renew tax credits with a month to go
More than 1.5 million people have renewed their tax credits already, with four weeks left until the 31 July deadline.
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HMRC taskforces raise more than half a billion
HMRC taskforces have recovered more than £500 million since they were launched five years ago.
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Bank of Ireland lose £27m tax avoidance case
The Bank of Ireland has lost a £27m tax avoidance case after trying to exploit a loophole that did not exist.
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Renew tax credits online in a matter of minutes
HM Revenue and Customs (HMRC) is urging people to renew their tax credits claim online and early, before the 31 July deadline.
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HMRC wins millions from bank avoidance case
HM Revenue and Customs (HMRC) has won a major tax avoidance case, protecting more than £17 million for UK taxpayers in the process. The Court of Appeal stopped an attempt by Fidex LTD - a subsidiary of BNP Paribas - to gain a tax advantage using artificial accounting arrangements.
The scheme tried to take advantage of different accounting standards covering the tax treatment of assets to create -
Offshore win nets £365 million in billion pound week for HMRC
HMRC has protected £365 million in tax after defeating a tax avoidance scheme that involved dividends paid on shares to a company based in the Cayman Islands.
The First-tier Tribunal ruled that the Clavis Liberty Fund 1 LP scheme, created an artificial tax loss - in a judgment covering 99 partners and protecting tax at stake in other cases.
The judgment is significant for HMRC as it is the f -
Parking fines not tax deductible court rules
Security firm G4S cannot set its parking fines against its tax bill, the tax tribunal ruled today.
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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,
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