HMRC

Tax & Regulation | 21 Nov 12

HM Revenue & Customs is currently investigating 41,000 cases of tax avoidance in the UK with an estimated £10.2bn at stake, according to a detailed report conducted by the National Audit Office, which said “there is little evidence HMRC is making progress in preventing the sale of highly contrived tax avoidance schemes”.

Tax & Regulation | 15 Nov 12

It is time HM Revenue & Customs accept that a general amnesty for tax evaders should be put in place, according to Gary Heynes, private client group partner at chartered accountants, Baker Tilly.

Tax & Regulation | 14 Nov 12

HM Revenue & Customs is warning UK residents with Swiss bank accounts that the “days of hiding money to evade tax are over” as the imposition of new tax laws on 1 January draws ever closer.

Tax & Regulation | 12 Nov 12

HMRC clawed back a record £21bn from its investigations into tax avoiders and evaders in the year to March, according to accountant UHY Hacker Young.

Tax & Regulation | 29 Oct 12

HM Revenue & Custom’s increasingly aggressive approach to tax avoidance has led to a 64% rise in the revenue it generated from investigations into self assessment tax returns in the 2011-2012 tax year.