HMRC avoidance crackdown leads to record low tax gap
The tax gap fell to six per cent in 2015 to 2016, as government measures to crack down on tax avoidance, evasion and non-compliance have taken effect. more»
Tax evasion
60 per cent of self-employed under-report income to HMRC
B&b owners and taxi drivers are among those most likely to under-report taxable income to HMRC, according to new analysis that has suggested as many as six in ten self-assessment tax returns fail to declare the full amount owed. more»
HMRC laws criminalise businesses that fail to stop facilitating tax evasion
The new HMRC laws can be viewed as a renewed effort by government to take a firmer stand against corporate fraud, and an attempt to encourage change in corporate culture. more»
Trust in IR35 tool plummets as contractors urge HMRC to ditch reforms
Just ten per cent of UK contractors now use HMRC’s IR35 tool to clarify their working status, as faith in the government’s service to deliver correct results has all but disappeared. more»
Small businesses urged to prepare for imminent tax evasion legislation
Small UK business owners have just days to start complying with strict new rules designed to combat tax evasion, with leading law firms outlining where preparations should begin. more»
HMRC fails to convince small business on tax fairness and efficiency
Only a third of small UK business owners believe HMRC applies penalties and sanctions equally on those breaking the law, as new survey findings suggest the tax office is failing to demonstrate tax fairness. more»
Seven important employment law changes taking place this April
Next month marks the busiest time of year, where major employment law changes will take effect. Here, Peninsula Law's Alan Price outlines the seven employment law changes employers need to be aware of come April. more»
Tax evasion advice: Is criminalising companies the right move?
In order to prevent and deter tax evasion, the government has announced a plan that will see financial service firms prosecuted for the actions of an employee who facilitates any tax evading client. More clarification is needed on how it will work in practice. more»
David Cameron brings in criminal offence for firms that fail to stop tax evasion.
For the first time, company owners will be held criminally liable if they fail to stop employees from helping customers and business associates to evade tax. more»
Why micro business owners must declare people with significant control
From 30 June 2016, unlisted UK companies of any size as well as limited liability partnerships will need to submit a register including information about the individuals who own or control companies including their name, date of birth, nationality and details of their interest in the business. more»
