Search Results for: Tax
HMRC arrests three in £80m tax fraud and money laundering bust
October 21st, 2014
HMRC officers have arrested three men on suspicion of tax fraud and money laundering offences worth up to £80 million. Over 70 officers swooped on the men in dawn raids at three London addresses last Friday. Cash totalling £150,000 ...
UK Tax Gap Widens
October 20th, 2014
The UK tax authority, HM Revenue and Customs (HMRC), has revealed that the UK tax gap grew to 6.8 percent in the fiscal year 2012-13, up 0.2 percent year-on-year. The tax gap, which measures the amount of tax that ...
Switzerland Extends Olive Branch To India On Tax
October 20th, 2014
Swiss authorities have confirmed that, if asked, they will assist India in efforts to confirm the genuineness of bank documents and will swiftly provide information on requests relating to non-banking dossiers. The commitment was made in a joint statement ...
Isle of Man removed from Colombian Tax ‘Blacklist’
October 20th, 2014
Colombia has removed the Isle of Man from its offshore blacklist, recognizing its commitment to the international exchange of tax information. The move recognizes that the Isle of Man and Colombia have both joined the OECD Convention on Mutual ...
ICAEW fines member for improper tax claims
October 17th, 2014
An ICAEW member was severely reprimanded and fined £32,500 for submitting and later amending a personal self assessment tax return that he knew included improper claims against self employed income, or should have known he could not claim those ...
Switzerland, EU finalize agreement on Corporate Tax Reform
October 17th, 2014
Switzerland and member states of the European Union (EU) have signed a joint statement that reaffirms Switzerland’s commitment to abolish contested corporation tax regimes and EU member states’ pledge to lift countermeasures. The agreement was signed on October 14, ...
New Report Charts EU Tax Policy Changes In 2014
October 16th, 2014
The European Commission has published a new report detailing key tax reforms implemented by European Union member states during 2014 and identifies the main policy challenges they are said to face. The report notes that the tax burden on ...
Role of courts in tax disputes under threat, warns Institute President
October 15th, 2014
The ability of taxpayers who dispute how much tax they owe to turn to the court system for a ruling, is under threat, the President of the Chartered Institute of Taxation has warned. In a speech this evening CIOT ...
Canada To Implement 2014 Budget Tax Provisions
October 15th, 2014
The Canadian Government has tabled a detailed Notice of Ways and Means Motion to implement tax provisions contained in its 2014 Budget, along with a number of previously unannounced measures. Finance Minister Joe Oliver said: “Canada’s Economic Action Plan ...
Ireland to abolish controversial ‘double Irish’ tax arrangement
October 15th, 2014
Ireland has officially announced the phased abolition of its controversial “double Irish” tax scheme that has enabled multinationals such as Apple to dramatically cut down their tax bills. The arrangement, which has drawn the wrath of the US Senate ...
