Latest Score: HMRC 1 – Premier League 0
Its a Saturday afternoon. 3:14pm to be exact. And in the red and white are HMRC, while the Premier League are in all blue.
tax avoidance
“Taste The Tax?” – Coca Cola Warned by MP
Coca Cola, that well known beverage company who go with the slogan – “Taste the feeling,” have just got into the coffee game.
House of Lords criticises Government’s PSC response
The House of Lords Select Committee has just issued some rather choice words on the Government’s recent personal service company consultation response.
Amazon steps in it again, once more completely unrepentant
Online retailer Amazon has been accused once again of engaging in tax avoidance here in the UK, yet once more the multinational has dismissed allegations.
Are umbrella company contractors waiting with bated breath for the Budget?
It’s Budget Day tomorrow; the weeks of speculation will be over and UK taxpayers, including umbrella company contractors, will discover what is in store for them over the next 12 months.
HMRC to add 2,250 anti-avoidance tax inspectors
Umbrella contractors might like to know that Danny Alexander, the chief secretary to the Treasury, has said HMRC is to strengthen the size of its team tackling tax avoidance and evasion by adding more than 2,000 additional tax inspectors this autumn.
How can HMRC accurately measure the ‘tax gap’?
Umbrella contractors might be interested to learn that leading accounting bodies are calling into question the ‘tax gap’.
Fraudsters to be offered disclosure facility
HMRC is to offer a disclosure facility to taxpayers, including umbrella company contractors, it suspects of fraud.
The coalition’s “monster” will cause problems for employers
Employers could have problems getting to grips with the new overly complex regulations regarding employees’ tax avoidance schemes that have been detailed in the Finance Bill, according to tax advisers.
Would HMRC budget cuts affect umbrella companies?
Cutting HMRC’s budget is not rational, according to the president of the Association of Revenue and Customs.
Do contractors use ISAs to save tax?
Contractors may want to take the advice of the Nationwide and use their ISA tax relief allowance for this year before it runs out.
HMRC amends wording of new tax avoidance regulations
The government has confirmed that deferred bonuses will not fall under its new tough tax avoidance regulations.
Arrests made in HMRC’s clampdown on offshore bank accounts
Last December, two British citizens were arrested on suspicion of hiding money in Swiss bank accounts to evade paying UK taxes.
Will the Finance Bill affect umbrella companies?
Tax experts have applauded the government’s grown up approach towards creating a more stable tax system.
Bankers swerved supertax
Financial recruiter Goodman Masson’s director Richard Hoar recently stated that the so-called banking “supertax” has not precipitated the mass exodus of financial services staff that industry experts had been fearing.
HMRC questions offshore account holders
Last week HMRC sent out letters to some of the taxpayers who had taken up the Offshore Disclosure Facility to ask them for their insights.