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HMRC has published Spotlight 51 highlighting a tax avoidance scheme that attempts to disguise income and other taxable profits as loans or fiduciary receipts.Marketed by firms...
HMRC has withdrawn another 2,600 accelerated payment notices (APNs) in 2018. According to figures obtained by City law firm RPC, this brings the total notices withdrawn to 8,600 of...
Spotlight 47 highlights tax avoidance schemes that try to avoid an income tax charge on distributions when winding up a company. These schemes claim to circumvent the targeted...
The Organisation for Economic Co-operation and Development (OECD) inclusive framework has issued a policy note setting out two main areas for renewed international discussions on...
Some schemes deemed ineffective by HMC.

The recent decision in IFM Corporate Trustees Ltd v Helliwell and Mountain (2015 JRC 160) focuses on tax avoidance using trusts.

New government measures to prevent money laundering.

HMRC will receive an extra three quarters of a million pounds to fund their ongoing fight against tax dodging, the chancellor announced this afternoon.

The move to combat non-compliance and criminal activity was welcomed by the Association of Revenue and Customs (ARC), which represents the taxman’s senior staff members. The union’s president, Tony Wallace, claimed the £750m injection “will yield a significant dividend for the country”.

Bermuda angry at inclusion on tax haven blacklist

An avoidance scheme designed to exploit the employment allowance has been deemed by tax officials to be ineffective.

HMRC intend to challenge all uses of the arrangement, which the department claims “simply does not work”. Users are urged to withdraw.

Law Society warns over anti-avoidance measures

HMRC have clarified their position on the new intermediary reporting requirements for umbrella company workers, following enquiries from the Association of Professional Staffing Companies (APSCo).

The taxman’s system requires intermediaries to select from a list the reason why PAYE has not been applied. There are six categories:

A. Self-employed
B. Partnership
C. Limited liability partnership
D. Limited company
E. Non-UK engagement
F. Another party operated PAYE on the worker’s payments

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