Browsing Category
Tax Avoidance Schemes
“Why are we waiting?”: HMRC spent £451m of its budget to combat tax avoidance. Why…
OPINION
HMRC spent 6.5% of its £6.8bn annual budget fighting tax avoidance, according to its 2022/23 expenditure report. For some people, this isn't enough.
They feel the tax authority should be spending more of its budget on…
Treasury to double max sentences for tax avoidance and create a new criminal offence
The Treasury is proposing to double maximum sentences for the most egregious cases of fraud from 7 to 14 years to crack down on tax fraud and deter criminal actions, it was reported today.
The Treasury is introducing tougher measures on…
Alleged corruption strikes umbrella industry again
Two employment tribunals have found that two umbrella companies made unlawful deductions from their employees whilst being FCSA-accredited. In a separate case, it has been found that a KC-approved ‘mini umbrella’ has cost taxpayers £50m…
ICAEW Tax Faculty calls for safeguards for directors of tax avoidance schemes
ICAEW's Tax Faculty is proposing safeguards for directors of alleged tax avoidance schemes in response to HMRC’s latest proposals that would allow a criminal offence to be applied where promoters fail to comply with a stop notice and…
HMRC research into tax avoidance schemes branded “a waste of time”
OPINION
By Fred Dures, PayePass
HMRC’s commissioned research into disguised remuneration schemes has been described as a “waste of time” with the assessment of the impact of tax avoidance schemes failing to…