A bogus financial adviser was jailed for three years after Hull Crown Court heard that he persuaded more than 30 people to make unauthorised transfers of £3.4m from pension funds to avoid paying tax of £1.9m.
The Chartered Institute of Taxation has commended HMRC’s ‘willingness to listen’ to criticisms of the department’s original proposals to tackle dishonest conduct by tax agents.
HMRC are to publish an update to last month’s ‘tax treaties anti-avoidance’ consultation in the light of concerns raised by business and tax advisers.
A consultation on the debt cap rules closes today, and three consultations – concerning tax residence, the treatment of non-domiciled individuals and the simplification of regulatory penalties – will close on Friday, 9 September.
HMRC are reminding contractors that a new penalties regime will apply to the construction industry scheme from next month.
‘We all know there are some big names who pay extremely little, if any, UK tax yet continue to be allowed to earn a vast income here. Why does this phenomenon still exist? Why don’t the powers that be simply stop this nonsense from 9am tomorrow morning?
Could the government cut tax to give the economy a much needed boost? Not without compromising its credibility on deficit reduction, argues David Smith
Craig Connal QC reviews the impact of the recent Supreme Court decision on this issue