Search Results for: HMRC
ACCA-qualified accountant jailed for failure to declare £430k income
May 23rd, 2016
An ACCA member from Essex who failed to declare income and pay £107,000 of tax owed from accountancy work and property lettings and tried to hide the money in his children’s bank accounts has been jailed for four years, ...
Former KPMG partners arrested in ‘publicity stunt’, court told
May 19th, 2016
An investigation into suspected tax evasion targeted four former partners at Belfast accountancy firm KPMG in a publicity stunt, the High Court heard. HM Revenue and Customs misled judges into granting warrants to search the executives’ homes and offices ...
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located
April 28th, 2016
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located, a London accountancy firm has claimed. The European Commission aims to extend the Mini One-Stop-Shop (MOSS) scheme, currently applicable to business to ...
FCA probes a further 44 firms over Panama Papers
April 28th, 2016
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak. The move, part of an ongoing £10m ($14.1m, €12.4m) investigation being ...
Accountant defrauded companies and cost colleagues jobs
April 25th, 2016
Woman on six figure salary cons employers out of 1.8 million A Berkshire woman has been jailed for a catalogue of fraud against her employers in a case described by the judge as ‘about as bad a case as ...
HM Revenue & Customs continues quest to develop digital presence by ditching IT contract that cost it £10bn
March 31st, 2016
The UK’s tax authority made another move in its mission to go fully digital today by dropping an IT contract worth £10bn. HM Revenue and Customs (HMRC) has agreed a phased exit from a contract with IT suppliers Aspire ...
Deutsche Bank and UBS lose bonus tax case
March 10th, 2016
The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income tax ...
Google £130m UK Tax Deal ‘Small’ Say MPs
February 25th, 2016
An influential committee of MPs is the latest to line up and criticise the settlement between the taxman and Google. MPs have declared that Google’s controversial £130m tax deal with the UK “seems disproportionately small”, and called for the ...
Suspended jail sentence for London solicitor over VAT fraud
February 18th, 2016
A London solicitor has been given a suspended jail sentence for a £96,000 VAT fraud which was uncovered by an HMRC taskforce set up to identify those attempting to avoid paying tax on property investment income Caroline Joseph, from ...
Google Grilling: Search Giant Faces More Questions Over Tax Deal With UK Government
February 11th, 2016
Earlier this month Alphabet, the parent company of Google, granted Google CEO Sundar Pichai almost $200 million in stock options. That sum, generous by any measure, is greater than the $185 million Google agreed to pay a week earlier to settle British tax issues covering the past ...
