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HMRC

Best Practice | 19 Dec 16

UK taxman sends thousands of APNs ‘in error’

HM Revenue & Customs has withdrawn 4,300 accelerated payment notices (APNs), meaning that one in 14 of the 60,000 upfront tax payment requests has been sent in error, says accountancy firm Moore Stephens.

Celebrities face HMRC £50m tax clawback on empty data centres

Tax & Regulation | 16 Dec 16

Celebrities face HMRC £50m tax clawback on empty data centres

Millions of pounds in tax relief given to celebrities such as England footballer Wayne Rooney and British comedian Jimmy Carr is being clawed back by HM Revenue and Customs (HMRC).

EU eyes tax evasion law amid ‘Football Leaks’ scandal

Europe | 15 Dec 16

EU eyes tax evasion law amid ‘Football Leaks’ scandal

The European Commission is set to unveil a new law next year aimed at fighting tax evasion following media reports accusing football stars of using tax havens to hide millions of euros in earnings.

Footballers strike HMRC deal to slash tax bills on image rights

Tax & Regulation | 12 Dec 16

Footballers strike HMRC deal to slash tax bills on image rights

Around 180 football stars are using ‘companies as pension pots’ to save tax on their earnings after their clubs struck a deal with HM Revenue and Customs (HMRC).

HMRC targets 43 football players after £158m tax avoidance haul

Tax & Regulation | 8 Dec 16

HMRC targets 43 football players after £158m tax avoidance haul

HMRC is currently investigating 43 football players and 12 clubs over their use of offshore companies to avoid paying tax on money earned through image rights in the UK, with a senior official revealing the tax office has clawed back £158m ($199m, €186m) in the last two years.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.