Investigations

HMRC explain why they need to work with “high-volume” agents

Taxpayers who have kept silent about profit earned on the offloading of a residence other than their main homes have one month left to make use of an HMRC ‘amnesty’.

The property sales campaign is aimed at people who have made money on the sale of second homes in the UK or abroad – including those that have been rented out or used only for holidays – and have not paid the necessary capital gains tax (CGT).

HMRC’s tax assurance commissioner (TAC) Edward Troup handled 22 cases in the first six months of his appointment, according to a report that covers the department’s newest approach to resolving disputes with taxpayers.

Pointers on instructing a barrister appropriately and effectively

Are HMRC guilty of deceitful behaviour in their clampdown on dishonest agents?

CRC v Atlantic Electronics Ltd, Court of Appeal

CRC v Ben Nevis (Holdings) Ltd and another company, Court of Appeal

HMRC have published legislation to allow businesses to comply with due diligence and reporting obligations under the accord between the UK and US governments to improve international tax compliance and implement the US Foreign Account Tax Compliance Act (FATCA).

The International Tax Compliance (United States of America) Regulations 2013 imposes new and substantial burdens on UK firms in identifying American taxpayers, and in reporting information to the Internal Revenue Service (IRS) in the States.

Taking the position of a partner who disagrees with the outcome of an enquiry into a partnership return

European finance ministers have settled the mandate for the European Commission to negotiate stalled tax transparency agreements with countries including Switzerland and Liechtenstein, in a critical step towards confirming the amended Savings Directive and establishing greater levels of automatic tax information exchange in the European Union (EU).

O’Flaherty v CRC, Upper Tribunal (Tax and Chancery Chamber)

HMRC working with overseas counterparts to analyse 400gb of info