Tax Avoidance
Tax & Regulation | 21 Dec 16
Payments to tax informants by HMRC nears £500K
HM Revenue & Customs (HMRC) has spent more than £460,000 ($570,000, €547,000) for confidential information from the public and the business community to help it combat tax avoidance, according to London-based law firm RPC.
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HM Revenue & Customs has withdrawn 4,300 accelerated payment notices (APNs), meaning that one in 14 of the 60,000 upfront tax payment requests has been sent in error, says accountancy firm Moore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.
Arsenal footballer’s house ‘seized’ by Spanish tax authorities
Arsenal forward Alexis Sanchez has had his luxury four-bed house seized in Spain amid an ongoing tax investigation, with the Spanish authorities claiming he owes them €3.7m (£3.12m, $3.8m) in unpaid taxes.
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).
Best Practice | 8 Dec 16
Tax avoidance vs evasion debate “immoral” and “inconsistent”
The gap between tax avoidance and evasion is disappearing and it is “immoral” to refer to it in the modern tax debate, said Richard Murphy, professor in practice in international political economy at City, University of London.