According to the Financial Times (28 April 2014), George Osborne ratcheted up the pressure on offshore tax evaders as he promised ‘tough action domestically’ and a pioneering global agreement on transparency.
Andrew Goldstone and Victoria Turner review recent developments in the private client sphere
No safe havens sets out an increasingly tough approach from HMRC on tackling avoidance on offshore income. Tina Riches asks whether it is now time for a proper debate on HMRC’s powers.
HMRC needs a change in approach rather than more powers if it is to improve its efforts to tackle tax evasion, according to tax professionals, following the release of HMRC’s updated strategy document No Safe Havens 2014
According to The Guardian (18 April 2014), Treasury minister David Gauke is overseeing controversial plans to allow HMRC to sell taxpayers’ details to private companies, a move that has been criticised as ‘borderline insane’ by senior Conservative MP David Davis.
The Law Society Tax Law Committee provides five recommendations on HMRC’s ‘judge and jury’ tax powers
For private clients, this Budget was ‘one of the most disturbing of recent times’, writes Robert Field.
In Treasury minutes, the government disagreed with all nine conclusions of the Public Accounts Committee on HMRC tax collection in the PAC’s 34th annual report. The following points are particularly worth noting.
Bill Dodwell writes that much of the PAC’s recent report on HMRC sees the committee drift away from evidence-based findings to opinion