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Pinsent Masons

HMRC to extract tax debt from wages

Industry | 30 Sep 14

HMRC to extract tax debt from wages

HM Revenue & Customs can now collect up to £17,000 a year in tax debts directly from the wage packets of high earners, following a largely overlooked constitutional change labelled staggering and regrettable by experts.

Fears aggressive HMRC may target offshore bonds

Tax & Regulation | 31 Jul 14

Fears aggressive HMRC may target offshore bonds

The UK Governments continued aggressive stance towards tax avoidance and the blurring of its distinction between avoidance and evasion has raised concerns that more mainstream legitimate tax mitigation tools could come under increased scrutiny.

HMRC m tax avoidance fines

Tax & Regulation | 10 Jul 14

HMRC m tax avoidance fines

An international law firm has accused HM Revenue & Customs of a “sudden and unprecedented escalation” after it revealed full details about the powers which will allow it to impose £1m fines on tax advisers.

tax paid by non doms hits record high

Tax & Regulation | 28 Apr 14

tax paid by non doms hits record high

Tax paid by so-called non-doms to the UK Treasury hit a record high of £6.8bn last year, according to data obtained by international law firm Pinsent Mason.

consultation closes today on hmrc plan

Tax & Regulation | 23 Feb 14

consultation closes today on hmrc plan

A consultation closes this evening on a plan that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute.

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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.