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  1. July 28, 2014

    Small businesses attack new HMRC powers

    Small business lobby groups have attacked plans to allow HM Revenue & Customs to seize unpaid tax directly from bank...

  2. July 22, 2014

    UK taxman criticised over £10bn IT costs

    HM Revenue & Customs has been lambasted by an influential MP for its “unacceptably poor” management of its multibillion IT...

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  1. July 18, 2014

    Q&A: Accelerated payment notices

    The UK tax authority this week published a list of more than 1,000 schemes that it considers tax avoidance vehicles, and...

  2. July 18, 2014

    The taxman’s serious aversion to avoidance

    ‘Thousands of taxpayers in avoidance schemes to repay billions’ Financial Times, July 15 Billions of pounds? You must be...

  3. July 17, 2014

    Special tax unit nets extra £1bn from richest Britons

    Scrutiny of some of Britain’s wealthiest individuals has yielded £1bn of extra tax since 2009, HM Revenue & Customs said on...

  4. July 15, 2014

    Thousands of taxpayers in avoidance schemes to repay billions

    Tens of thousands of UK taxpayers who took part in tax-saving schemes over the past decade learned on Tuesday that they face...

  5. July 11, 2014

    Bankruptcy looms for tax scheme investors

    Investors in tax arrangements that are the focus of a government crackdown face potential financial ruin, advisers warned,...

  6. July 10, 2014

    Taxing questions over avoidance schemes

    What are these schemes? An array of schemes have been devised over the past decade to minimise tax payable by their wealthy...

  7. July 10, 2014

    ‘Tsunami’ of lawsuits after crackdown creates £5bn tax bill

    Lawyers are scrambling to file compensation claims against advisers who sold tax-saving schemes that have backfired to leave...

  8. July 8, 2014

    HMRC seeks access to bank statements over unpaid taxes

    Thousands of personal bank statements would be handed to the UK tax authority under plans to dip into personal accounts to...

  9. July 7, 2014

    Ingenious Media tells celebrity investors they face tax crackdown

    A string of business leaders, sports stars, entertainers and other investors were told on Monday to prepare for tax demands...

  10. July 4, 2014

    HMRC sets ultimatum for scheme investors

    HM Revenue & Customs has ratcheted up the tone of its correspondence to taxpayers, taking a hard line on those it accuses of...

  11. July 3, 2014

    HMRC miscalculated targets by almost £2bn

    HM Revenue & Customs wrongly claimed to have beaten its tax collection targets by billions of pounds after miscalculating...

  12. July 1, 2014

    Serious Fraud Office left with £4m bill for wrongly reclaimed tax on barristers’ fees

    The UK’s top anti-fraud agency had to pay more than £4m to HM Revenue & Customs after wrongly reclaiming value added tax on...

  13. July 1, 2014

    Banks shun launch of ‘Nisa’ savings products

    Banks and building societies have largely ignored Tuesday’s launch of new tax-free individual savings accounts with just a...

  14. July 1, 2014

    Tax milestone as Fatca reporting requirement takes effect

    Rules requiring financial institutions to disclose the identity and activity of US citizens come into effect from Tuesday,...

  15. June 30, 2014

    UK tax take from oil and gas drops to decade low

    Government revenue from oil and gas has fallen to its lowest level in 10 years, according to figures released on Monday by...

  16. June 27, 2014

    Share scheme tax relief up 45%

    An uptake in the exercise of company share options saved taxpayers £840m in 2012-13, an increase of almost half on the...

  17. June 27, 2014

    Tax enquiry offices close doors

    The last of HM Revenue & Customs’ 281 enquiry offices have closed after the tax authority launched a new service based on...

  18. June 27, 2014

    Gauging the tax risk – from Isas to Icebreaker

    Minimising taxation is part and parcel of successful investing. But when do the risks outweigh the benefits? At what point...

  19. June 22, 2014

    Barristers’ income falls 12% in two years

    The squeezing of the barristers’ profession has been highlighted by new figures that show their income has decreased 12 per...

  20. June 22, 2014

    Tax avoidance crackdown set to cause wave of litigation

    Plans to recruit dozens of new judges have been drawn up to cope with a wave of litigation expected in response to a £7bn...

  21. June 20, 2014

    Chart that tells a story . . . stamp duty land tax

    What does this show? The amount of stamp duty land tax (SDLT) collected by HM Revenue & Customs each month over the past six...

  22. June 20, 2014

    Tax errors leave 2m employees owing money

    More than five million employees have paid an incorrect amount of tax despite the introduction of a new reporting system...

  23. June 18, 2014

    Icebreaker threatens to sue Deloitte

    The company behind high-profile investment partnerships declared to be tax avoidance schemes last month has threatened to...

  24. June 13, 2014

    Trust tax reforms increase appeal of gifts

    Proposed limits on tax-free transfers into trusts will lead to an upsurge in financial gifts to younger generations and use...

  25. June 13, 2014

    Investors could face ‘cash flow crisis’ following HMRC probes

    Taxpayers accused of participating in tax avoidance schemes could land in significant financial difficulties if government...

  26. June 6, 2014

    HMRC proposes major reform to tax on trusts

    HM Revenue & Customs has proposed limiting the amount that individuals can transfer tax-free into trusts in an attempt to...

  27. June 6, 2014

    HMRC reinstates Oxford Tech VCT status

    The status of a venture capital trust has been restored by the tax authorities, bringing some relief to investors who had...

  28. May 30, 2014

    HMRC misfires with ‘scattergun’ tax letters

    The UK’s tax authority has been accused of using scare tactics by sending so-called “nudge” letters to taxpayers from whom...

  29. May 27, 2014

    UK tax authority heralds ‘record breaking’ compliance results

    HM Revenue & Customs booked more than £8bn of extra tax from big businesses in the year to April, helping push up its...

  30. May 26, 2014

    Public tax row hardens HMRC attitude

    The public row over alleged “sweetheart” deals between the UK taxman and big companies has left some businesses struggling...

  31. May 23, 2014

    Fraudsters face stiffer penalties

    Fraudsters and money launderers face stiffer sentences under official guidelines that give new recognition to the impact of...

  32. May 23, 2014

    Inheritance tax confusion over overseas assets

    Widespread misconceptions about the status of overseas assets could land many UK families with large inheritance tax bills...

  33. May 20, 2014

    Confusion mounts over new fund classes

    Fund supermarkets offering “clean” low-cost share classes are facing a backlash as some investors are left in more expensive...

  34. May 19, 2014

    Evasion and hidden economy leave £40bn a year tax gap, says campaigner

    The Treasury is losing more than £40bn of tax a year because of evasion and the hidden economy, nearly four times official...

  35. May 14, 2014

    Clarification paves way for new VCT share issues

    Legislation that mistakenly implied that venture capital trusts (VCTs) could risk losing their status if they issued new...

  36. May 12, 2014

    The British furore over tax-dodgers

    Britain, along with other western states, is experiencing a backlash against individuals and companies that exploit cracks...

  37. May 10, 2014

    Take That star among investors facing big tax bill after ruling

    About a thousand investors face an estimated £70m of losses after a tax tribunal on Friday ruled that the partnerships in...

  38. May 9, 2014

    Can I preserve anonymity in my tax arrangements?

    I am not domiciled in the UK for tax purposes, though I am a UK resident. In recent years I have paid the annual charge so...

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