Tax scheme negligence claims fail as time limits began to run before a tribunal decision on a similar scheme, says Court – OUT-LAW.com

Posted November 13th, 2017 in charities, financial advice, HM Revenue & Customs, negligence, news, taxation, time limits by tracey

‘Negligence claims against tax advisers who had given assurances about the effectiveness of tax schemes failed because the claims were not brought within the limitation period.’

Full Story

OUT-LAW.com, 10th November 2017

Source: www.out-law.com

Men jailed over huge £100m tax fraud – Crown Prosecution Service

‘Five men have been jailed today (November 10) for their part in a £100m tax fraud.’

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Crown Prosecution Service, 10th November 2017

Source: www.cps.gov.uk

Judicial review appeal fails in UK diverted profits tax case – OUT-LAW.com

‘Oil and gas distributing company Glencore Energy’s application for judicial review of the issue of a diverted profits tax (DPT) charging notice by HM Revenue and Customs (HMRC) has been rejected for a second time.’

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OUT-LAW.com, 3rd November 2017

Source: www.out-law.com

‘Tax gap’ due to ‘legal interpretation’ jumps 9% to £6bn – OUT-LAW.com

‘The amount of tax the UK’s HM Revenue & Customs (HMRC) thinks is being underpaid due to ‘legal interpretation’ has increased by 9% over the last year to £6bn, up from £5.5bn in 2014/15 according to ‘tax gap’ figures released by the tax authority.’

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OUT-LAW.com, 27th October 2017

Source: www.out-law.com

Tax Raid on Premier League club lawful – Sports Law Bulletin from Blackstone Chambers

Posted October 20th, 2017 in fraud, news, search & seizure, sport, taxation, warrants by sally

‘Newcastle United has failed in its attempt to quash HMRC’s search warrant for documents involving suspected major tax fraud.’

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Sports Law Bulletin from Blackstone Chambers, 11th October

Source: www.sportslawbulletin.org

Transactions in land tax rules: unexpected implications – OUT-LAW.com

Posted October 18th, 2017 in budgets, news, sale of land, taxation by sally

‘New ‘transactions in land’ UK tax rules took effect from 5 July 2016. The rules were aimed at larger property developers with the means to implement cross-border structures to avoid UK income or corporation tax.’

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OUT-LAW.com, 17th October 2017

Source: www.out-law.com

Making Britain the safest place in the world to be online – Ministry of Justice

‘Britain is to become the safest place in the world to be online thanks to new proposals announced today by Culture Secretary Karen Bradley.’

Full press release

Ministry of Justice, 11th October 2017

Source: www.gov.uk/government/organisations/ministry-of-justice

Facebook and Twitter could be hit by new tax as part of Government crackdown – The Independent

Posted October 11th, 2017 in codes of practice, internet, news, taxation by tracey

‘Internet giants Facebook and Twitter would be hit by a new tax under Government plans to clamp down on dangers like cyber-bullying, online abuse and underage-access to porn.
Ministers want money raised from the proposed levy to pay for schemes to raise people’s awareness of the dangers of the internet and to tackle their worst effects.’

Full Story

The Independent, 11th October 2017

Source: www.independent.co.uk

Three monkeys on the back of English fiscal devolution – UCL Constitution Unit

Posted October 6th, 2017 in devolution, news, taxation by tracey

‘The fiscal powers of English local authorities are extremely limited. In recent years there have been many proposals for significant fiscal devolution to take place, but little progress has been made on this agenda. In this post Mark Sandford argues that there are three fundamental reasons for this: the nature of the UK state, the complexity involved and equity considerations.’

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UCL Constitution Unit, 6th October 2017

Source: constitution-unit.com

Permission for judicial review fails in diverted profits tax case – OUT-LAW.com

Posted July 12th, 2017 in appeals, judicial review, jurisdiction, news, subsidiary companies, taxation by sally

‘Permitting judicial review of the issue of a diverted profits tax (DPT) charging notice would “undermine parliament’s intent”, the High Court has decided in a case concerning oil and gas distributing company, Glencore Energy.’

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OUT-LAW.com, 11th July 2017

Source: www.out-law.com

‘Controversial’ digital tax returns delayed after being dropped from Finance Bill – Daily Telegraph

Posted April 26th, 2017 in bills, electronic filing, news, taxation by sally

‘Plans to force millions of businesses and self-employed people to file multiple tax returns each year have been shelved by the Government.’

Full story

Daily Telegraph, 25th April 2017

Source: www.telegraph.co.uk

Government unveils eight-page ‘rape assessment form’ for mothers hit by tax credit cuts – The Independent

Posted April 7th, 2017 in benefits, news, rape, taxation by tracey

‘Women who have a child conceived due to rape will have to fill in an eight-page form to prevent the Government from withdrawing their tax credits.’

Full story

The Independent, 6th April 2017

Source: www.independent.co.uk

Crackdown on ‘disguised self-employment’ behind increased HMRC payroll tax take, says expert – OUT-LAW.com

‘HM Revenue and Customs (HMRC) collected an additional £705 million in tax from investigations into companies’ payroll taxes last year, almost half of which was collected from small or medium-sized businesses (SMEs), according to new figures.’

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OUT-LAW.com, 4th April 2017

Source: www.out-law.com

Licensing Act review committee calls for ‘radical comprehensive overhaul’ – OUT-LAW.com

‘Licensing laws in England and Wales should be changed to give local planning authorities responsibility for determining the rights of businesses to sell alcohol on their premises, according to a House of Lords committee.’

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OUT-LAW.com, 4th April 2017

Source: www.out-law.com

Latest draft legislation on interest restriction more helpful for infrastructure and real estate, says expert – OUT-LAW.com

Posted March 24th, 2017 in bills, construction industry, interest, news, taxation by sally

‘Amended draft legislation to restrict tax relief for interest payments includes changes to a new ‘public infrastructure’ exemption which will be helpful for infrastructure and real estate companies, according to a tax expert.’

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OUT-LAW.com, 21st March 2017

Source: www.out-law.com

Family Law Week’s Budget Briefing: March 2017 – Family Law Week

Posted March 14th, 2017 in budgets, news, taxation by tracey

‘Suzanne Cobourne of Creaseys Chartered Accountants and tax advisers explains the Budget changes of most relevance to family lawyers.’

Full story

Family Law Week, 8th March 2017

Source: www.familylawweek.co.uk

Budget 2017: Chancellor plays safe & avoids an omnishambles – New Law Journal

Posted March 10th, 2017 in budgets, news, taxation by sally

‘Peter Vaines shares his views on Phillip Hammond’s first & last spring budget.’

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New Law Journal, 9th March 2017

Source: www.newlawjournal.co.uk

The changing meaning of tax avoidance – OUP Blog

Posted March 2nd, 2017 in news, tax avoidance, tax evasion, taxation by sally

‘There are some economic terms that are fixed and immutable. Marginal cost will always be the addition to cost from an incremental increase in output, and average cost will never be anything other than total cost divided by output. Other terms have greater fluidity and evolve over time with developments in theory and practice. For this reason, compilation of the Dictionary is never finished and definitions are never final.’

Full story

OUP Blog, 1st March 2017

Source: www.blog.oup.com

Lord Chief Justice “strongly opposes” accountants’ bid to handle litigation and advocacy work – Legal Futures

Posted February 21st, 2017 in accountants, advocacy, legal representation, legal services, news, taxation by sally

‘The Lord Chief Justice has outlined his “strong opposition” to a bid to allow accountants to handle tax litigation and advocacy work – and in return come under fire from the body that would regulate them.’

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Legal Futures, 21st February 2017

Source: www.legalfutures.co.uk

Football tax review called for by HMRC chief – BBC News

Posted December 8th, 2016 in news, sport, tax avoidance, taxation by tracey

‘The chief executive of HM Revenue and Customs, Jon Thompson, has told MPs he would like to see a review of the way footballers can reduce their tax bills. He said payments to them for their image rights were “the most significant risk in football” faced by HMRC.’

Full story

BBC News, 7th December 2016

Source: www.bbc.co.uk