Hmrc

Not a single company has been prosecuted by HMRC under corporate tax evasion powers introduced five years ago. An offence for companies failing to stop those associated with the business from enabling tax evasion came into force in September 2017 under the Criminal Finances Act.

Tax avoidance schemes have been named for the first time by HMRC as users are warned they could face large tax bills. HMRC has today advised anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme to withdraw from them as soon as possible to prevent

Businesses emerging from the Covid-induced cocoon of furlough payments used to retain their workforce since the pandemic struck are now facing the cold wind of scrutiny as HMRC gears up to claw back any cash that may have been handed over in error, writes Christine Rolland, forensic accounting

HMRC will not penalise Self Assessment customers for filing late online tax returns as long as they file by 28 February 2021. Taxpayers are still obliged to pay their bill by 31 January and more than 8.9 million customers have already filed their tax return. Interest will be charged from 1 February

A woman who ran two Fife hotels has been jailed after defrauding them of £380,000. Lesley Dykes of Markinch stole the money during a five-year period, an HM Revenue and Customs (HMRC) investigation revealed.

Proposed powers that would let HMRC force financial institutions to provide information regarding people's assets without their approval are "flawed", a House of Lords committee has said. In a new report, the Economics Affairs Committee criticised a proposal in the Finance Bill, which will beco

HMRC has been accused of making fewer arrests of white-collar tax dodgers due to a lack of resources and criticism about it being too “trigger happy”. The number of arrests made by the tax authority dropped by a third to 511 in the 12 months to April, compared with 782 over the previous

Gordon MacLure details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance Act 2020 received Royal Assent. This makes HMR

HMRC is homing in on inheritance tax avoidance by wealthy families through the creation of a secret unit which will investigate the ways in which investment companies are used to reduce bills. HMRC established a team in April last year, to investigate the use of family investment companies (FICs) am

Earlier this year the UK government consulted on crowning HMRC with a promoted ranking in the insolvency of corporates and individuals. This month, it has published the draft 2019-2020 Finance Bill containing the legislative provisions that will bring this coronation into law. Michael Thomson explai

More than £1 million has been clawed back from fraudsters selling puppies on the black market in Scotland. A taskforce established by HMRC in 2015 to tackle the problem found people selling the dogs on a mass scale for large, undeclared profits.

The personal service company of broadcaster Lorraine Kelly has won a First-Tier Tribunal appeal against a £1.2m demand from HMRC for unpaid income tax and National Insurance Contributions after a judge accepted that there was a contract for services between her and ITV – partly on t