HMRC has published a Tax Information and Impact Note (TIIN) which provides information about the introduction of the voluntary Class 3A National Insurance contributions (NICs)
The highest paid 3,000 people in the UK pay more income tax than the bottom 9m, according to government statistics which highlight the impact of the ‘super-rich’ on tax revenues
HMRC has published a factsheet about their enhanced monitoring programme called ‘Managing Serious Defaulters’ targeted at people who deliberately get their tax affairs wrong
The Labour party has signalled its intention to crack down on tax avoidance if it wins the next election, with plans to introduce penalties of up to 100% of the tax avoided through the use of aggressive schemes
A Leicestershire doctor has been jailed for 18 months for evading almost £186,000 in tax after an HMRC team targeting undeclared income in the health sector discovered he was declaring only half of his total earnings
Businesses are investing millions of pounds each year sending employees on global assignments without being able to quantify the cost or measure the value from their investment while they are failing to monitor tax liabilities, according to research from PwC which says many organisations lack a clear global mobility strategy
Almost all of HMRC’s total take from a new tax on high value homes is collected from London properties, with homes in just four of the capital’s boroughs contributing most of the £100m raised
A man who threatened to bomb an HMRC tax office after he was arrested for not paying any income tax or national insurance on income of over £500,000 has been jailed for 21 months following an HMRC investigation
ATT is calling for taxpayers to be given a ‘last chance’ to declare offshore income and gains before the introduction of a tough new penalty regime, saying such a move would increase revenue to the Exchequer at little cost to HMRC
Senior HMRC officials have told MPs they are confident that the department will be able to administer the new Scottish rate of income tax (SRIT) efficiently, despite its current reductions in headcount, with £40m allocated to implementing the new system over the next five years
Changes to inheritance law make it even more important to make a will as tax obligations are emphasised and there is a potential hike in IHT liability, warns Lindsey Howland, partner at Knights LLP
HMRC has updated the issue briefing on accelerated payments, first published in July 2014, to include an updated list (as at October 2014) of tax avoidance schemes on which users may be charged an upfront tax payment (ie, an accelerated payment)
Devolving Scottish taxes will create more complexity for taxpayers and employers, and could lead to greater levels of tax avoidance, according to leading tax experts, who appeared before the House of Commons’ Treasury Committee on 28 October
Fashion designers Domenico Dolce and Stefano Gabbana have been cleared of tax evasion following a successful appeal to Italy’s top court, and will no longer face the possibility of jail sentences
Following criticism that business entity tests (BETs) for IR35 reporters are not fit for purpose, HMRC is to withdraw the tests from April 2015 only two years after they were introduced to make it easier for individuals to work out their risk of being investigated under IR35 legislation
HMRC has announced that its specialist unit handling the tax affairs of the UK’s richest people posted a 20% increase in the additional revenues it brought in last year, bringing the total extra tax collected since its formation in 2009 to over £1bn