C Jordan, Upper Tribunal (Tax and Chancery Chamber)
Winnington Networks Communications Ltd v CRC, Chancery Division
Globetrotting businesspeople are increasingly under scrutiny from HMRC, with no sign of a let-up in the near future, according to legal experts.
There has been a 29% rise in the number of tax probes into globally mobile high earners in the past year, City law firm PC has reported. The Revenue’s personal tax international compliance unit investigated 764 cases during 2014/15, up from 593 in 2013/14 and 438 in 2012/13.
HMRC have curbed their use of private debt-collectors by half, according UHY Hacker Young.
Research by the accountancy group shows the Revenue spent £6.8m on retrieving money through third-parties in 2014, compared with a record £14.8m in 2013.
“Debt collection agencies are rarely the most appropriate way for HMRC to collect unpaid taxes,” said Mark Giddens, head of UHY Hacker Young London’s private client department
HMRC are reviewing their system of fines
The new penalties regime for offshore evasion
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PAC also critical of reliefs cost data
Plan revived to tackle offshore evasion
Pitfalls that can arise for clients offered code of practice 9
HMRC recovered £1.1bn tax from transfer pricing enquiries during 2013/14, double the amount collected the previous year, according to official statistics.
Financial secretary to the Treasury David Gauke claimed the increase was due to the additional funding given to the Revenue “to challenge multinational groups to ensure the rules are followed and the right tax paid”.
The specialist HMRC unit that examines pricing within multinationals has secured a total of £5.8bn in tax since being launched in 2008.
France gives okay to information-share with agencies outside HMRC