Short-term political manoeuvres are preventing the fundamental reform the UK’s tax system desperately needs, according to a new report by the Fabian Society.
The average length of tax enquiries undertaken by HMRC’s local compliance teams into ordinary taxpayers has increased over the last year, from 2.5 months in 2012/13 to 3 months in 2013/14, according to data provided to PFP, the tax investigation insurance firm.
HMRC has opened a new disclosure campaign giving employers the chance to ‘notify and disclose’ arrears of national minimum wage. Employers must first complete a notification form making a commitment to calculate and correct any arrears.
The following have been published:
Judicial review of a demand for tax
Tax Journal's coverage of the Summer Finance Bill.
HMRC is consulting until 14 October 2015 on detailed proposals for new measures against serial tax avoiders, including a further consultation on measures for serial avoiders, serial promoters, and how to introduce specific penalties where the general anti-abuse rule (GAAR) applies.
Prime Minister David Cameron announced a new crackdown on Tuesday on foreigners and offshore companies that own property in the UK to launder ‘dirty money’ by publishing their names. In a speech in Singapore, Cameron said the UK should no longer be a ‘safe haven for corrupt money’.
HMRC is consulting until 14 October 2015 on proposals to extend its bulk data-gathering powers in FA 2011 Sch 23 in order to enable HMRC to require data from electronic payment providers (e.g.