Tax Avoidance
Government lays out 3 1bn
UK chancellor George Osborne has announced plans to raise £3.1bn in revenues with a host of new anti-tax avoidance measures in his pre-election Budget speech to Parliament today.
Avoidance promoters to face 1m fines over
HM Revenue & Customs has ramped up the rules around tax avoidance schemes with “high risk” promoters now facing fines up to £1m.
Accountants lose court battle over
An accountancy firms appeal against a Financial Ombudsmen Service (FOS) decision which ruled it was liable for advising clients to invest into a now-blacklisted tax avoidance scheme has been dismissed by the UK courts.
Tax & Regulation | 24 Feb 15
Jersey chief minister disappointed at Miliband
Jersey’s chief minister Ian Gorst has formally expressed his “disappointment” with statements from Labour Party leader Ed Miliband about tax transparency and disclosure efforts by UK overseas territories.
Eclipse inside a failed tax
The Court of Appeal’s decision in the Eclipse 35 film partnership case upholds the decision of lower courts that the tax scheme does not work.