Corporation tax is not a voluntary tax and it is not easy to avoid tax in the UK, heads of tax at GSK, BP and Reed Elsevier have told the House of Lords economic affairs committee’s inquiry into taxing corporations in a global economy.
“HMRC stepped up its crackdown on tax evasion on Tuesday, publishing its second list of ‘deliberate tax defaulters’ on its website. The list includes 15 names owing more than £25,000 in tax, including two pub landlords and a kebab shop owner.
HMRC published new guidance on 8 May to help taxpayers decide whether they are resident in the UK.
The Queen’s Speech on 8 May confirmed that the government will introduce a National Insurance Contributions Bill to provide for a £2,000 “employment allowance” from April 2014, extend the general anti-abuse rule to NICs, prevent the use of offshore employment payroll intermediaries to avoid emplo
Jonathan Hall, a senior press officer with HM Revenue & Customs, is to be charged along with his partner and The Sun’s Whitehall editor Clodagh Hartley as part of Operation Elveden.
David Cameron has called for a “new mechanism” to track where multinationals make their profits and where they pay their taxes, as the UK government comes under increasing pressure to tackle tax havens.
‘The problem is on the UK’s doorstep’ says ActionAid while tax professionals challenge charity's definition of a tax haven
The House of Lords economic affairs committee inquiry into taxing corporations in a global economy will hear evidence tomorrow from tax directors at GSK, BP and Reed Elsevier, as well as heads of tax at some of the major professional bodies.
The G8 should establish the architecture for a multilateral regime that “tackles unethical tax avoidance” and closes down tax evasion, the Africa Progress Panel recommended on Friday.
The Finance Bill has been carried over to the new session of parliament.