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  1. NEW

    6:49PM

    Bankruptcy looms for tax scheme investors

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

  2. 3 hours ago

    Tax avoidance, a muddle of our own making

    At the start of this month, new rules came into force designed to curb the worst excesses of the payday lending industry. In...

  1. 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...

  2. 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...

  3. July 9, 2014

    Corporation tax cuts cost UK over £5bn a year

    The UK government’s aggressive cuts to corporation tax are costing more than £5bn a year, requiring funding from elsewhere...

  4. 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...

  5. 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...

  6. July 7, 2014

    Lower, simpler taxes urged for North Sea oil and gas drillers

    Companies drilling for oil and gas in the North Sea should be subject to lower, simpler and more predictable taxes,...

  7. 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...

  8. July 4, 2014

    William Hill appoints new chief to navigate industry storms

    William Hill has turned to another loyal servant to see the bookmaker through the storms gathering over the gambling...

  9. 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...

  10. July 3, 2014

    ONS data weaken case against mansion tax

    Statisticians removed one of the obstacles to a mansion tax on Thursday, showing that only a very small number of poor...

  11. 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...

  12. 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...

  13. 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,...

  14. 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...

  15. June 27, 2014

    Balls plans crackdown on tax avoidance

    Labour would close a tax loophole used to move profits to tax havens as part of a crackdown on avoidance aimed at delivering...

  16. June 27, 2014

    Mansion tax to spark valuation disputes

    Plans for a “mansion tax” are likely to trigger a wave of disputes, as property owners get sucked into arguments with the...

  17. June 25, 2014

    ‘Complex’ tax reliefs cost Britain £100bn a year, say MPs

    Britain spends more than £100bn a year on tax reliefs that are “substantial, complex and poorly managed”, MPs said on...

  18. June 25, 2014

    Soaring prices push more homes into ‘mansion tax’ bracket

    The number of properties that would be hit by a proposed “mansion tax” has doubled over the past five years, according to an...

  19. June 23, 2014

    Balls adjusts ‘mansion tax’ plan to soothe homeowners

    Labour has sought to placate owners of high value properties by modifying its policy of levying an extra “mansion tax” on...

  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

    UK recovery fails to boost public finances

    Figures on Britain’s public finances have highlighted an important trend: an increasing reliance for tax revenue on a small...

  22. June 18, 2014

    Formula One team McLaren loses spying tax relief claim

    McLaren has lost its claim for tax relief on its £32m fine for spying on its rival Ferrari, after a tribunal ruled against...

  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 12, 2014

    Tax cuts not best way to help low-income families, says charity

    Tax cuts proposed by Britain’s three biggest political parties at the next general election are not a cost-effective way of...

  27. June 9, 2014

    Government contract bidders respond to tax outcry, survey finds

    No businesses have been excluded from bidding for central government contracts in the wake of new rules requiring them to...

  28. June 8, 2014

    London minicab drivers step up fight against Uber

    London’s minicabs have joined black cabbies in questioning the legality of Uber, the cab hailing app. Taxi drivers, who will...

  29. June 1, 2014

    Tories set to devolve greater tax powers to Scotland

    The Conservatives will on Monday offer Scotland control of income tax in a rethink of decades of party policy that it hopes...

  30. 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...

  31. May 30, 2014

    Freedom from complexity is my ideal tax system

    Wednesday, May 28 was “tax freedom day”. That’s the point in the year, according to the Adam Smith Institute, where the...

  32. 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...

  33. 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...

  34. May 25, 2014

    1 in 5 suppliers fail to respond to ministers’ tax questions

    About one in five leading public sector suppliers have failed to respond to a government request for information about their...

  35. May 25, 2014

    Amazon’s European sales rise 14% to €13.6bn

    Sales funnelled through Amazon’s main European operating company in Luxembourg rose 14 per cent to €13.6bn in 2013,...

  36. 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...

  37. 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...

  38. May 18, 2014

    The public interest argument on AstraZeneca is overdone

    It is unsurprising that Pfizer’s takeover offer for the UK drug company AstraZeneca has raised a political storm. These are...

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