Overstating costs and understating turnover, as well as paying cash in hand, are the most prevalent forms of tax evasion used by small to medium sized companies, according to research into tax evasion commissioned by HMRC

Cyprus' new residence criteria, income tax exemptions and non-dom regime has made the island a desirable destination for individuals looking to relocate. Alexandra Spyrou, chief financial officer at Elias Neocleous & Co, outlines the income tax rules and exemptions for non-doms

President of the Association of Taxation Technicians (ATT) Graham Batty has called on HMRC to broaden the scope of its Making Tax Digital pilots, both in terms of number of participants and duration

US President Donald Trump has underlined his intention to deliver ‘the largest tax cut in our country’s history’ with major reforms planned to what he called an ‘outdated, complex, and extremely burdensome tax code’, including a substantial cut in corporation tax

Following the introduction of controlled foreign corporation rules in 2015, the way trust were used by Russian taxpayers was met with uncertainty. Ayshat Gaydarova, associate at Withers, outlines the most common queries around trust structuring options from a tax perspective

Nine months into the Trump presidency, proposed tax reforms have been impeded, leading to confusion for Americans around the world, Bambridge Accountants managing partner Alistair Bambridge explains

HMRC has issued updated guidance on the gift aid small donations scheme (GASDS) enabling a charity or community amateur sports club (CASC) to claim top-up payments on small donations up to £20, with revisions to the section covering community buildings

Latest HMRC figures show the receipts for income tax, National Insurance Contributions (NICs) and capital gains tax rose by 3.5% between April and August this year, driven by a £510m increase in self assessment receipts in the second tranche of payments, according to analysis by Blick Rothenberg

HMRC has provided more details of the new simple assessment system, designed to end the traditional tax return process, under which taxpayers who used to provide information under self assessment will no longer need to do so, as returns will now be pre-populated with existing data from other sources

Tax changes and Brexit are forcing non-doms to consider quitting the UK for good, putting billions of pounds of tax revenue at risk, according to research from Moore Stephens

Severe penalties await those who fail to correct offshore tax non-compliance as the government firms up the rules for proposed ‘requirement to correct’ (RTC) and associated penalties applying to ‘failure to correct’ (FTC). Meg Wilson considers the implications for tax advisers and clients

For the 2016/17 tax year, pensioners who started to receive a state pension on or after 6 April 2016 and have no other taxable income will not be required to file a tax return, instead HMRC will send a simple assessment based on its own calculations