HMRC has launched 839 investigations into UK taxpayers holding their assets offshore in just a year, according to figures seen by Pinsent Masons.
HMRC has published the following:
Recovery of input tax on taxable supplies wrongly treated as exempt
SPAs and ‘tax payable’
EIS CGT relief and income tax relief
No minimum investment under the SEIS
Chris Sanger (EY) examines the recent HMRC report on the tax gap.
In its latest report on tackling online VAT fraud, the public accounts committee (PAC) suggests HMRC should seek enhancement of its powers to seize goods in fulfilment houses.
The government estimates that up to 50,000 individuals will be affected by the disguised remuneration loan charge.