Tax

• New Legislation to Counter Tax Evasion Reaches Parliament

  • Posted12 December 2016

  The distaste with which the Government regards tax evasion is clear, with HM Revenue and Customs taking an increasingly tough approach both to tax evasion and (with considerable success) when...

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• Tough Times for Defaulting Taxpayers

  • Posted25 November 2016

  HM Revenue and Customs (HMRC) have in recent years taken an ever more aggressive approach to the collection of underpaid taxes. A woman who for more than a year...

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• No VAT Liability if No Taxable Supplies: True or False?

  • Posted11 November 2016

  Many businesses engaged in the provision of ‘exempt’ supplies for VAT purposes (such as healthcare or financial services) or those with a turnover below the VAT registration threshold (currently £83,000...

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• Corporate Veil Saves Honest Director From £100,000 Tax Penalty

  • Posted30 September 2016

  The importance of the ‘veil of incorporation’ is that the owners of a company (the shareholders) and its managers are not normally liable for the company’s debts as, in law,...

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• Developers of Houses in Multiple Occupation Boosted by VAT Ruling

  • Posted13 September 2016

  The tax regime relating to property has played a central role in the Government’s drive to create more new homes. In a case which shows the importance of tax policy,...

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• Tax Data Gathering Powers Lead to Investigations

  • Posted22 August 2016

  According to the Chartered Institute of Taxation, HM Revenue and Customs (HMRC) are using data collection powers to uncover the ultimate beneficial ownership of offshore companies and trusts. The information...

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