HMRC
Tax & Regulation | 25 Nov 15
Changes to capital gains tax for non-UK residents
Non-UK residents disposing of UK residential properties will no longer face potential double charges that occur in some circumstances, Osborne announced in his joint Autumn Statement and Spending Review on Wednesday.
Tax & Regulation | 25 Nov 15
Osborne targets tax avoiders with 60% penalty
A new penalty of 60% on tax due will be levied against tax avoiders in all cases successfully tackled by the General Anti Abuse Rules (GAAR), Osborne announced in his joint Autumn Statement and Spending Review on Wednesday.
Tax & Regulation | 25 Nov 15
Funding boost for HMRC’s digital transformation
HM Revenue & Customs (HMRC) is to receive more than a billion in additional funding to digitalise the UK’s tax system and introduce personalised digital accounts, removing the need for annual tax returns, chancellor George Osborne announced Wednesday.
Tax & Regulation | 16 Nov 15
City lawyer urges proactivity as LDF cut-off looms
Roughly 40% of those enjoying the tax amnesty available through the Liechtenstein Disclosure Facility (LDF) only did so following unrelated HMRC enquiries.
Tax & Regulation | 16 Nov 15
HMRC grows Affluent Unit in tax avoidance crackdown
A sharper focus on offshore banking activity and tax avoidance has seen HM Revenue & Customs grow its Affluent Unit by more than 50% in the past two years.