It has long been the case that those who use tax avoidance schemes have borne the brunt of the authorities, but now those who provide the advice that leads to the implementation of such schemes could be investigated too. In…
HMRC Bans Use of Personal Credit Cards to Make Tax Payments The number 13 is unlucky for some and there will be hundreds of thousands of low income taxpayers who will feel that they have been cursed when they are…
What are the Paradise Papers and who are Named in the Scandal? The leaked Paradise Papers reveal how large multinational corporations, such as Apple and Nike avoid paying taxes, and how the world’s rich and famous, including the Queen, Bono…
New powers this year allow HMRC to publicise the identities of parties deemed to be promoting tax evasion. First announced in George Osbourne’s Autumn Statement, this step marks the first in a series of measures which demonstrate Osborne’s tough stance on…
Too much red tape puts a regulatory burden on businesses – that’s the theme of the government’s Cutting Red Tape programme which is reviewing thousands of bureaucratic regulations and rules to see which ones might be reduced or scrapped altogether. First launched as…
In a bid to improve relations between HM Revenue & Customs and taxpayers, HMRC is set to trial the idea of sending HMRC ‘thank you’ letters to businesses that pay their taxes on time. According to National Audit Office reports, customer…
Paying a dividend has always been one of the most tax efficient ways of taking money out of a limited company, but new dividend tax changes introduced in the summer Budget will result in higher taxes for limited company shareholders…
HMRC has always been quick to call into question company tax returns it believes are either mistakenly or intentionally inaccurate, but it seems HMRC’s Tax Investigation Team is not quite so prompt when it comes to resolving these cases. Recent…
There are some circumstances in the running of a limited company or a limited liability partnership when the protective veil of incorporation can be penetrated and the directors made liable for tax errors. Instances of directors being made personally liable…
Four directors of unconnected businesses based in Cardiff and Cambridgeshire have been disqualified from acting as company directors for a combined period of 48 years for their part in VAT frauds that cost the taxpayer more than £3million. The first…
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