
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»
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»
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»
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»
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 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»
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»
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»
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»
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»
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»