The Finance Act 2010, Schedule 10 (Appointed Days and Transitional Provisions) Order, SI 2011/975, appoints 6 April 2011 as the day on which FA 2010 Sch 10, increasing the level of penalties that may be charged where certain
HMRC have reminded ‘tax evaders hiding money offshore’ that penalties for non-compliance will be linked to the ‘tax transparency’ of the country involved, beginning with 2011/12 tax returns.
The Penalties, Offshore Income etc.
The government’s efforts to tackle tax avoidance are ‘quite understandable’ but evasion and other criminal activity have a ‘far greater’ impact than legal avoidance, tax experts said in response to a new paper setting out the government’s anti-avoidance strategy.
James Bullock contends that every company should have a ‘raids defence’ strategy as a routine operational part of their risk management procedure
Jonathan Levy on the decision in Megantic Services Ltd
Andrew James on HMRC v Blue Sphere Global Ltd
A new discussion document examines the range of penalties HMRC can use for non-compliance with r
Penalties for offshore tax evasion are to be linked to the ‘tax transparency’ of the territory in which the income or gain arises.
John Cassidy on WikiLeaks and privacy