James Bullock considers how effective the new ‘accelerated payments’ powers granted to HMRC will be in curbing tax avoidance schemes.
HMRC has published a tax information and impact note on the new rules which will allow it to issue conduct notices to promoters of tax avoidance schemes. The note stresses that these rules have effect since Royal Assent of the Finance Bill (i.e. 17 July 2014).
Tori Magill reviews the changes to the contractual disclosure facility (CDF), and considers the impact for clients
Isobel Clift answers a query on HMRC information powers and close company enquiries
Property searches by HMRC to target tax evasion jumped by 12% in the last year to 500, up from 445 property raids in 2012/13, according to data obtained by law firm Pinsent Masons. This is more than triple the number of property raids that HMRC undertook each year between 2008 and 2011.
The contractual disclosure facility (COP 9) is one of HMRC’s most important and cost effective tools in dealing with the more serious cases of tax evasion and suspected fraud. However, HMRC is changing its application in a way that risks reducing its effectiveness, write James Bullock and Ray McCann
Cathya Djanogly reviews the decision of the High Court in Privacy International on whether HMRC should have disclosed information about an investigation it was carrying out.
The European Commission has opened state aid investigations into the transfer pricing arrangements of Apple, Starbucks and Fiat. Jonathan Schwarz takes a look at the important points
And tobacco prosections have fallen in UK
The European Commission has opened three in-depth investigations to examine whether decisions by tax a