Record numbers of employers report PAYE in real time
More than 1.4 million employer PAYE schemes are now reporting to HM Revenue and Customs (HMRC) in real time since the launch of new tax reporting requirements in April.
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Tax adviser’s trust scheme blocked
A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.
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Avoidance scheme lands Abbeyland with liability
A property development company has failed in its attempt to avoid paying tax on a property sale by creating a “loss” of £1.6 million. It used a scheme that involved buying and surrendering investment bonds issued by a life assurance company.
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Corby job agencies targeted in minimum wage blitz
Employment agencies in Corby are being investigated by HM Revenue and Customs (HMRC) on suspicion of significantly underpaying employees the National Minimum Wage, as part of a newly launched multi-agency taskforce to tackle migrant labour abuse
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£4m windfall for underpaid workers
More than 26,000 workers denied the National Minimum Wage by their employers have received a £4 million windfall after action by HM Revenue and Customs (HMRC).
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HMRC tax tribunal victory saves £190m
The sale of over £6 million of shares for a mere £592 lay at the heart of a tax avoidance scheme which would have left the UK taxpayer to pick up the tab, a tax Tribunal has heard.
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Tax credit claimants warned over scam emails
Tax credits claimants are being warned by HM Revenue & Customs (HMRC) in the run-up to the renewal deadline about scam or “phishing” emails sent out by fraudsters.
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Car warranty tax scheme scuppered
A tax avoidance scheme designed to avoid VAT on car repairs that could have cost the Exchequer £600 million a year has failed after a successful challenge by HM Revenue and Customs (HMRC).
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No safe havens for offshore tax cheats
HM Revenue and Customs (HMRC) confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
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One million schemes use new PAYE system
Over one million employer PAYE schemes have started to report Pay as You Earn (PAYE) in real time since it was launched last month, HM Revenue and Customs (HMRC) announced today.
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Taxman scoops graduate recruitment award
HM Revenue and Customs (HMRC) has been recognised for the success of its graduate recruitment scheme.
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Bristol and West loses Corporation Tax avoidance case
Bristol and West, owned by the Bank of Ireland, has lost an attempt at Tax Tribunal to avoid paying around £30 million tax on a £91 million gain. The company transferred a swap contract to another Bank of Ireland subsidiary in a flawed attempt to exploit what it thought was a loophole in the tax rules.
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