A millionaire property developer who failed to disclose a Swiss bank account to HMRC during a civil enquiry pleaded guilty to cheating the public revenue, in the first prosecution based on data stolen by a former HSBC employee and obtained by HMRC under the terms of a tax treaty with France.
The long-term pressures on public finances suggest not, David Smith writes.
A round up of new developments
HMRC needs a ‘better understanding’ of the costs and benefits of interventions such as debt campaigns and initiatives to drive down error and fraud in tax credits, according to the Head of the National Audit Office.
More views (online only) from tax professionals on the proposed general anti-abuse rule
HMRC announces successors to Dave Hartnett and Mike Clasper
The House of Commons Report Stage began yesterday and a new clause was added to the Bill to implement the government’s decision to defer, until January next year, the 3p per litre increase in fuel duty that was planned for next month:
HMRC is consulting on recommendations made by the Office of Tax Simplification on the treatment of the four ‘tax advantaged’ employee share schemes.
‘Sinner reformed’ says GAAR is a much more acceptable prospect than it might have been before a recent ‘sea change’ in the relationship between corporate taxpayers and HMRC
Any ICAEW members involved in aggressive tax planning through 'the sorts of schemes highlighted by The Times' are bringing the profession into disrepute, Izza warns