HMRC
HMRC to miss target unless LDF
The Liechtenstein Disclosure Facility (LDF) must see a “dramatic” influx in declarations or HM Revenue & Customs will fail to meet its £3bn target, says a leading tax specialist.
Tax & Regulation | 28 Oct 14
Divorcees top list of tax evasion tip offs
The number of informants being paid by HMRC to provide information about tax evasion has reached a record high, with former spouses coming top of the list for tip-offs, according to City law firm, RPC.
HMRC tax demands total 250m
HM Revenue & Customs has demanded £250m in disputed tax over its first two months of issuing the accelerated payment notices introduced in this years Finance Act.
Italy to introduce unique tax
Italy is to introduce a remarkable voluntary disclosure programme with the aim of urging taxpayers to declare foreign undisclosed assets and funds.
Avoidance investors must carefully consider
Investors facing fines from HM Revenue & Customs over their involvement in so-called avoidance schemes must carefully consider the motives of action groups that offer them help, warns a leading law firm.