HMRC
Tax & Regulation | 20 Jan 17
Beneficial ownership data requests may breach UK legal rights
Requests from HM Revenue & Customs (HMRC) for beneficial ownership information on offshore companies and trusts may conflict with legal professional privilege (LPP), says the Law Society of England and Wales.
Tax & Regulation | 12 Jan 17
HMRC sees 80% leap in anti-avoidance tax take
HM Revenue & Customs boosted revenue from its counter-avoidance directorate by 80% last year, according to figures compiled by law firm Pinsent Masons.
Tax & Regulation | 10 Jan 17
HMRC under fire for ‘unrealistic’ plans to shut 170 offices
HM Revenue and Customs (HMRC) could be forced to abandon plans to shut 170 local branches after the UK government’s spending watchdog accused the tax office of being “unrealistic” over its restructure plans.
Tax & Regulation | 9 Jan 17
Top HMRC criminal cases of 2016
HM Revenue & Customs (HMRC) has revealed its 10 most significant fraud and organised crime cases of 2016. In the ongoing fight against tax evasion, HMRC prosecuted a range of tax fraudsters leading to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.
United Kingdom | 9 Jan 17
UK court rules £75k pension transfer loan was liberation
A UK court has ruled that a £75,000 ($92,106, €87,429) loan taken out by a client to fund investments as part of a pension transfer was a form of pension liberation and should be subject to tax.