Top 15 banks sign Code of Practice www.gov.uk The Government today announced that the top fifteen banks operating in the UK have adopted the Code of Practice on Taxation.
Top 15 banks sign Code of Practice www.gov.uk The Government today announced that the top fifteen banks operating in the UK have adopted the Code of Practice on Taxation.
Medical research tax avoidance scheme rejected by court www.gov.uk A tax avoidance scheme, designed to abuse rules set up to encourage genuine medical research, has been successfully challenged by HM Revenue and Customs (HMRC) in court.
Chancellor's letter to EU finance ministers on fighting tax avoidance and evasion www.gov.uk The Chancellor calls on Europe to back a new global standard to fight against tax evasion and avoidance.
Government to tighten net round ‘cowboy’ tax advisers www.gov.uk Exchequer Secretary has announced Government proposals to crack down on the promoters of contrived and aggressive tax avoidance schemes.
Government closes tax avoidance scam www.gov.uk Government announces the immediate closure of avoidance scheme which allowed companies to artificially reduce their corporation tax bills.
Tax adviser’s trust scheme blocked www.gov.uk A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.
Government closes abusive property business loss relief tax avoidance scheme www.gov.uk The Government has today acted to shut down a contrived and aggressive income tax avoidance scheme involving property business loss relief.
Tax barrister beaten in court www.gov.uk A top tax barrister who designed his own tax avoidance scheme and defended it in court against HMRC has lost his attempt to avoid paying £190,000 in tax.
Morgan Stanley’s £60m tax avoidance scheme beaten in court www.gov.uk FTSE 100 company Land Securities has lost a court battle with HMRC that could have cost the UK at least £60 million.
Government action halts banking tax avoidance schemes www.gov.uk The Government has today taken steps to close two aggressive tax avoidance schemes recently disclosed to HM Revenue & Customs by a bank.
HMRC wins in court have protected over £1 billion www.gov.uk The total amount of tax protected by tackling corporate tax avoidance schemes has passed £1 billion in the first six months of 2013.
Government closes in on high-risk tax avoidance scheme promoters www.gov.uk Users of failed tax avoidance schemes will face penalties, and government will clamp down on high-risk promoters under proposals put forward in a newly launched consultation.
Consultation: Raising the stakes on tax avoidance www.gov.uk This consultation seek views on proposals on tax avoidance schemes, and on an extension to Disclosure of Tax Avoidance Schemes (DOTAS) rules.
'What the BEPS are we talking about?' OECD explain BEPS www.oecd.org “Recently more and more enterprises organised abroad by American firms have arranged their corporate structures aided by artificial arrangements between parent and subsidiary regarding intercompany pricing, the transfer of patent licensing rights, the shifting of management fees, and similar practices[...] in order to reduce sharply or eliminate completely their tax liabilities both at home and abroad.”
All the latest on BEPS, brought together by the OECD www.oecd.org Base erosion and profit shifting - OECD BEPS
PM praises OECD action plan to tackle tax evasion and avoidance www.gov.uk Prime Minister: "delighted that the OECD have risen to the challenge we set at Lough Erne”.
HMRC wins battle against SDLT avoidance www.gov.uk Successful court challenges against stamp duty land tax (SDLT) avoidance schemes by HMRC have protected almost £400 million of taxpayers’ money in the last year.
Statement by the Chancellor to strengthen tax standards www.gov.uk Statement by the Chancellor of the Exchequer.
Proposals from OECD on dealing with global tax avoidance through reducing profit shifting welcomed by Chancellor www.gov.uk Proposals from the OECD on dealing with global tax avoidance through reducing profit shifting have been welcomed by the Chancellor at the G20 finance ministers meeting in Moscow.
Taxing multinationals: transfer pricing rules www.gov.uk This briefing explains how complex transfer pricing rules are operated by HMRC to ensure the UK gets the tax it is due under the rules, and to support UK businesses trading overseas.
Interim committee to take forward anti tax avoidance work www.gov.uk The Government will appoint an interim advisory group to oversee the development of guidance on the new General Anti-Abuse Rule.
Government consults on new general anti-abuse rule for tax www.gov.uk The Government has today launched a formal consultation on a new general anti-abuse rule (GAAR) to tackle tax avoidance schemes.
Details of Avoidance Study Group set out www.gov.uk Details of Avoidance Study Group set out.
Independent study on general anti-avoidance rule published www.gov.uk Graham Aaronson QC sets out his recommendation for the introduction to the UK tax system of a narrowly focused general anti-abuse rule.
Consultation: Reform of close company loans to participators rules www.gov.uk A consultation on whether to reform the rules governing the taxation of close company loans to their participators (and other related arrangements) and on options for such reform.
Consultation: Offshore employment intermediaries www.gov.uk A consultation on the use of offshore employers of workers based in the UK to avoid National Insurance and employment taxes.
Consultation: Modernising the taxation of corporate debt and derivative contracts www.gov.uk This consultation is about modernising the rules governing the taxation of corporate debt (loan relationships) and derivative contracts.
Consultation: Strengthening the Code of Practice on taxation for banks www.gov.uk Comments are sought on the HMRC governance process around determining non-compliance with the Code and the nature of the report to be published by HMRC.
New government clampdown on tax dodgers www.gov.uk The Chancellor of the Exchequer and the Chief Secretary to the Treasury have today announced new action to clamp down on tax dodgers.
Taskforces tackling tax dodgers in restaurants in South Wales and the South West launched hmrc.presscentre.com
Taskforce tackles tax fraud in Scottish fishing industry hmrc.presscentre.com
Crackdown on North West holiday industry hmrc.presscentre.com
Crackdown on hauliers in the Midlands hmrc.presscentre.com
Taskforce partners target tax evasion in Blackpool hmrc.presscentre.com
Island tax evaders told to come clean hmrc.presscentre.com
HMRC plans to establish a new centre of excellence on offshore evasion www.hmrc.gov.uk
New rules to bring unprecedented transparency on company ownership www.gov.uk Progress made on international policy ahead of G8 summit also on tax information sharing and capacity building in developed countries
HMRC’s most wanted: gallery of tax fugitives published as another caught www.gov.uk HM Revenue & Customs publishes updated list and announces tax fraudster apprehended at Heathrow Airport while travelling on a false passport, after almost ten years on the run.
www.flickr.com Photographs of HM Revenue & Customs (HMRC) Most Wanted tax fugitives. To help in the effort to hunt down the UK’s biggest tax fraudsters, HMRC has published photographs of its Most Wanted and is asking members of the public to assist in finding them. People can report leads on the Most Wanted fugitives via HMRC’s Customs, Excise and VAT fraud reporting hotline on 0800 595 000, by email or post bit.ly/PoT0Wx, or through the Crimestoppers website www.crimestoppers-uk.org
https://www.gov.uk/government/news/no-safe-havens-for-offshore-tax-cheats www.gov.uk HMRC has confirmed today that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
Agreement with Switzerland to secure billions in unpaid tax www.gov.uk The government is today initialling an historic agreement with Switzerland to tackle offshore tax evasion.
Banks pay HMRC half a billion Swiss francs hmrc.presscentre.com
Last chance for Swiss investors hmrc.presscentre.com
New UK multilateral action to combat tax evasion www.gov.uk The Government has today agreed with France, Germany, Italy and Spain to develop and pilot multilateral tax information exchange
EU Member States join Chancellor’s calls for global action on tax evasion www.gov.uk Member States join Chancellor in his call for action to tackle tax evasion, as set out in his letter to EU finance ministry colleagues
Europe called to back new global standard to fight tax evasion www.gov.uk UK Chancellor asks European finance ministers to sign up to the automatic exchange of tax information between countries.
Statement on the pilot multilateral automatic information exchange facility www.gov.uk A statement by Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK
UK and Isle of Man to sign enhanced tax information exchange agreement www.gov.uk United Kingdom and Isle of Man to sign enhanced tax information exchange agreement.
Chancellor welcomes huge step forward in global fight against tax evasion www.gov.uk Overseas Territories and Crown Dependencies announce commitments to tackle tax evasion and enhance transparency
G8 2013: Concrete action agreed on tax transparency www.gov.uk Overseas Territories and Crown Dependencies agree further steps on tax transparency and beneficial ownership
Campaign offers chance to settle tax bills www.gov.uk Taxpayers who have failed to submit tax returns are being offered the chance to come forward and pay up under a new HMRC campaign.
Property tax campaign targets second home sales www.gov.uk People who have sold properties that are not their main homes, and who have not told HMRC about any profit made, are being targeted in a new campaign.
G5 FATCA agreement strengthens UK ability to tackle tax evasion www.gov.uk G5 FATCA agreement strengthens UK ability to tackle tax evasion.
Flick through HM Treasury's interactive timeline of updates on international tax transparency bit.ly TimelineJS Embed
Consultation: Lifting the lid on tax avoidance schemes www.hmrc.gov.uk
Government closes in on high-risk tax avoidance scheme promoters www.gov.uk Users of failed tax avoidance schemes will face penalties, and government will clamp down on high-risk promoters under proposals put forward in a newly launched consultation.
Tackling tax avoidance: Spotlights www.hmrc.gov.uk Information about tax avoidance schemes that HMRC believes are being used to avoid paying tax due, published from August 2010 to June 2013.
Spotlight 1: Goodwill - companies acquiring businesses carried on prior to 1 April 2002 by a related party www.hmrc.gov.uk Information about tax avoidance schemes that HMRC believes are being used to avoid paying tax due, published from August 2010 to June 2013.
Spotlight 18: Stripped bond tax avoidance schemes www.hmrc.gov.uk Information about tax avoidance schemes that HMRC believes are being used to avoid paying tax due, published from August 2010 to June 2013.
Find out more about the Joint International Tax Shelter Information Centre www.hmrc.gov.uk
Read the background behind the government's approach to reducing tax avoidance and evasion www.gov.uk
HMRC’s affluent unit recruits 100 new inspectors hmrc.presscentre.com
Find out more about HMRC's Large Business Service www.hmrc.gov.uk Find out what HMRC Large Business does, how they work with large businesses and how to contact them.
Read the government's policy in full on reducing tax avoidance and evasion www.gov.uk
www.gov.uk Some remote gambling operators avoid paying UK taxes by basing themselves offshore. The new rules will create a level playing field across the industry.
Consultation: A review of two aspects of the tax rules on partnerships www.gov.uk Seeking views on proposals for changing the partnerships rules in line with government’s principles and objectives for fairness and flexibility.
Capital allowances loophole ended www.gov.uk The Government has bought forward loophole closure which allowed businesses to accelerate capital allowances and obtain early tax relief.
Government announces new legislation to block tax avoidance involving Manufactured Overseas Dividends www.gov.uk Government has announced that it is introducing new legislation to block a tax avoidance scheme involving Manufactured Overseas Dividends.
Government announces tax avoidance clampdown www.gov.uk David Gauke, Exchequer Secretary to the Treasury, has today announced a number of changes to legislation to tackle tax avoidance.
Government takes action to block tax avoidance involving post-cessation trade relief www.gov.uk The Government has announced that it will introduce new legislation to block a tax avoidance scheme involving post-cessation trade relief.

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