Search Results for: HMRC
HMRC debt recovery powers will need to be ‘bomb-proof’
March 26th, 2014
IT WAS SOMETHING of a slow burner, but once people noticed HMRC may be granted the power to directly deduct tax owed from debtors, the concerns began to surface. Ethical issues were raised over the legitimacy of such a ...
HMRC new account raiding powers are “draconian”
March 24th, 2014
NEW POWERS which will allow HMRC to raid bank accounts are “draconian” and could lead to an abuse of power suggest a tax reform group and ACCA. The March Budget saw HMRC given powers to take money from bank ...
HMRC ramps up asset seizures to pay VAT bills
March 18th, 2014
THE AMOUNT of companies that have had assets seized and sold by HM Revenue & Customs in order to settle VAT bills rose significantly during the recession. According to data obtained by finance provider Syscap, the incidence of asset ...
HMRC to be £2.2bn short on Swiss deal target, PAC told
March 12th, 2014
SIGNIFICANTLY LESS than the £3bn target will be generated through the tax deal targeting UK residents with accounts in Switzerland, HM Revenue & Customs directors have told the Public Accounts Committee. Tax assurance director Edward Troup and director-general Jim ...
EU’s tax irregularities attract international attention
February 25th, 2021
Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an unharmonised EU system, according to Jay Sanghrajka, partner at Price ...
How would VAT be affected if no deal is made following Brexit negotiations?
September 3rd, 2018
With continued backlash in parliament over the Chequers deal, the UK are falling behind in their negotiations for exiting the European Union on 29 March 2019. While HMRC argues that the likelihood of the UK leaving the EU without ...
Hard Brexit would bring VAT sign-up headache for EU sellers
August 20th, 2018
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, as they would need to register for value-added tax. A ...
KPMG and Barclays sued for ‘engineering’ administration of quarrying company
October 25th, 2017
Quarrying company Portland Stone Holdings Limited is suing Barclays and KPMG for ‘engineering’ the administration of its subsidiary, Stone Firms Ltd, in 2010. The Portland Stone suppliers allege that the Barclays business support unit was ‘an internal profit centre’ ...
London police raided 20 offices as part of a crackdown on binary options fraud
October 20th, 2017
The City of London Police has issued a press release to inform that conducted a day of action and visited 20 offices to speak with businesses to help build an intelligence picture around Binary Options and other types of ...
UK Sees Corporate Tax Windfall After Brexit Decision
August 4th, 2017
The 15.5 percent year-on-year increase in UK corporate tax receipts, reported recently by HM Revenue and Customs (HMRC), demonstrates that company profits have not yet been dented by the UK’s decision to leave the European Union, says London tax ...
