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  • HMRC wins blockbuster tax avoidance cases

    HMRC wins blockbuster tax avoidance cases

    HM Revenue and Customs (HMRC) has won two major tax avoidance battles against the Ingenious Film Partnership and Icebreaker avoidance schemes in cases worth more than £820 million in tax owed and interest.

  • HMRC IT chief to return to the private sector

    HMRC IT chief to return to the private sector

    HM Revenue and Customs (HMRC) has confirmed today that its Chief Digital and Information Officer, Mark Dearnley, is to leave the Department in September, when his contract expires.

  • HMRC wins millions from bank avoidance  case

    HMRC wins millions from bank avoidance case

    HM Revenue and Customs (HMRC) has won a major tax avoidance case, protecting more than £17 million for UK taxpayers in the process. The Court of Appeal stopped an attempt by Fidex LTD - a subsidiary of BNP Paribas - to gain a tax advantage using artificial accounting arrangements.
    The scheme tried to take advantage of different accounting standards covering the tax treatment of assets to create

  • Offshore win nets £365 million in billion pound week for HMRC

    Offshore win nets £365 million in billion pound week for HMRC

    HMRC has protected £365 million in tax after defeating a tax avoidance scheme that involved dividends paid on shares to a company based in the Cayman Islands.
    The First-tier Tribunal ruled that the Clavis Liberty Fund 1 LP scheme, created an artificial tax loss - in a judgment covering 99 partners and protecting tax at stake in other cases.
    The judgment is significant for HMRC as it is the f

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