Investigations

D F Currie (TC3997)

HMRC plan to make even greater use of technology

HMRC’s compliance office dedicated to the tax affairs of the country’s best-off people has passed a major landmark in its five-year history.

The high net worth (HNW) unit has collected more than £1bn in additional tax revenue since being formed in 2009, with £268m retrieved in 2013/14, according to a new Revenue report, which show a rise on the previous year’s £222m.

The First-tier Tribunal hears for the first time from a client of Christopher Lunn & Co

Enterprise investment schemes could be HMRC’s next anti-avoidance target

The 2012/13 tax gap was £34bn, or 6.8% of tax liabilities, according to newly released HMRC figures, which show a small rise on the £33bn (6.6%) in the previous year (revised down from an initial £35bn).

Highlights from the event held at Baker Tilly’s Bloomsbury offices

HMRC have launched what they call a credit card sales campaign. This opportunity gives businesses that accept credit and debit card payments, but that have not declared all their UK tax liabilities, the opportunity to bring their tax affairs up to date on preferential terms.

There is no end date for this campaign. A business that wishes to take part should contact HMRC by completing the notification form or calling the credit card sales campaign helpline on 0300 123 9272.

The effect of compliance checks on small and medium-sized firms

Taxpayer behaviour is a major influence on HMRC penalty calculations

M S K Yip (TC3981)

Highlights from the event held at the University of Warwick