HMRC
Tax & Regulation | 3 Dec 14
Government announces IHT U-turn
The UK government has today announced a “U-turn” on plans to introduce a single settlement nil rate band on trusts.
Backlog of tax disputes reaches record high
The surge in high value tax cases has pushed the backlog of tax disputes to a record high.
HMRC bank raid proposals diluted
HM Revenue & Customs has introduced safeguards to reduce the potential impact of its proposals to recover tax directly from debtors bank accounts.
HMRCs avoidance action unacceptably slow
HMRC’s action against tax avoiders is “unacceptably slow”, according to MP Margaret Hodge.
HMRC recovers record 365bn in unpaid tax
HM Revenue & Customs has recovered a record amount of tax from big ticket avoidance, evasion, and fraud, up nearly a quarter on last year.