Some tax scams are easier than others to spot. Among the more difficult scams to detect are those that claim to come from HMRC... Read more >>
Let’s assumeChristineandFreddieboth inherit £10,000 each. Nothing to be sneezed at, certainly – thoughFreddieisn’t against shoving a crisp £10 of it up his nose in the right circs – but also not enough to see HMRC unleash a plainclothes officer and a tax evasion detector van. ...
• It may be that the known or suspected criminal conduct (eg tax evasion or fraud) must have generated proceeds but their value is not known. The main subject is suspected of knowingly withholding VAT due to HMRC for its own benefit, namely the ongoing operation of its business. It is...
Previously, HMRC said VAT certificates would be issued within 30 working days after VAT registration. However, this is no longer specified on HMRC’s website so this length of time may now vary. A copy will be sent to your HMRC online services account, which you can access with your Gover...
Once complete, the HMRC will send you a letter. This will give you the information you need to start hiring subcontractors under CIS. Subcontractors You don’t need to register for CIS taxes as a subcontractor. However, it does have a negative impact on your overall tax amount, so it’s...
other major brands, struck an agreement with the HMRC to pay an extra £190 million (around $244 million) in corporation tax to avoid the potential damage to its brand reputation emerging from the Google tax.4Google also agreed in 2016 to pay about $185 million in back taxes to the U...
Anti-money laundering (AML) laws and regulations prevent criminal organisations from using the financial system to launder their ill-gotten funds. These laws typically place many requirements on financial institutions, such as banks, to help detect and report suspicious activity. ...
The Irish government has declared its first budget surplus in a decade and many observers have attributed this to corporate tax receipts, but Facebook’s decision to change its business model poses risks to government coffers if other MNEs follow suit.
areport by the Scottish Information Commissioner concludedthat the government had sought to create a ‘two-tier’ system delaying journalists or politically sensitive requests. At the same time, Northern Ireland’s most senior civil servant, David Sterling, informed the inquiry into the Renewable Heat...
HMRC says the agency cannot comment on identifiable taxpayers, but recognises the “risks associated with contrived insolvencies” as a way to evade tax. HMRC was unable to provide data on whether any directors of sweet or souvenir shops in London have been prosecuted or disqualified. ...