HMRC has published the first report on its anti-money laundering supervisory activities and wider role in tackling financial crime, covering the two financial years from 2015 to 2017. The supervised sectors are:
The government is to suspend its rollout of simple assessment and real-time changes to PAYE tax codes, owing to problems encountered with both projects.
HMRC has published the following:
The use of hypothecated taxation has its critics, writes Sam Mitha CBE (formerly HMRC), but could it be the best way of solving the funding crisis facing the NHS?
HMRC is consulting until 20 June 2018 on proposals for tackling avoidance and evasion through abuse of the insolvency regime, including phoenixism.
Analysis by the CBI of data published by the Office for National Statistics has found that businesses paid £186bn in taxes in 2017/18, amounting to 27% of all tax revenue.
HMRC has accepted shares in Carillion plc as having negligible value with effect from 15 January 2018, for the purposes of a claim under TCGA 1992 s 24(2).