HMRC has published the responses to the Making Tax Digital consultation:
More than 30 individuals and companies are being investigated for criminal or serious civil offences linked to tax fraud and financial wrongdoing uncovered by the Panama papers taskforce.
In a written ministerial update to the House of Commons, the chancellor of the exchequer and the home secretary reported that the cross-agency taskforce has:
Criminal investigations.
Ireland gave illegal state aid to Apple worth €13bn, according to European Commission
Offshore interests.
Penalties for tax return errors and reasonable care.
Background to the First-tier Tribunal decision in Fab Cleaning Management.
How efficient is HMRC’s fight against tax fraud? A dip into a recent National Audit Office report.
The corporation tax implications of the new accounting standard FRS 102.
HMRC’s controversial new direct recovery of debt power and its in-built safeguards.
Improve tax compliance by large companies.
Warning offshore tax evaders.
Download the exclusive Xero
free report here.
