tax avoidance Archives | Page 3 of 3

The coalition’s “monster” will cause problems for employers

By UCHQ Team April 7, 2011

Employers could have problems getting to grips with the new overly complex regulations regarding employees’ tax avoidance schemes that have been detailed in the Finance Bill, according to tax advisers.

Would HMRC budget cuts affect umbrella companies?

By UCHQ Team March 21, 2011

Cutting HMRC’s budget is not rational, according to the president of the Association of Revenue and Customs.

Do contractors use ISAs to save tax?

By UCHQ Team March 9, 2011

Contractors may want to take the advice of the Nationwide and use their ISA tax relief allowance for this year before it runs out.

HMRC amends wording of new tax avoidance regulations

By UCHQ Team February 25, 2011

The government has confirmed that deferred bonuses will not fall under its new tough tax avoidance regulations.

Arrests made in HMRC’s clampdown on offshore bank accounts

By UCHQ Team January 31, 2011

Last December, two British citizens were arrested on suspicion of hiding money in Swiss bank accounts to evade paying UK taxes.

Will the Finance Bill affect umbrella companies?

By UCHQ Team December 15, 2010

Tax experts have applauded the government’s grown up approach towards creating a more stable tax system.

Bankers swerved supertax

By UCHQ Team September 6, 2010

Financial recruiter Goodman Masson’s director Richard Hoar recently stated that the so-called banking “supertax” has not precipitated the mass exodus of financial services staff that industry experts had been fearing.

HMRC questions offshore account holders

By UCHQ Team August 18, 2010

Last week HMRC sent out letters to some of the taxpayers who had taken up the Offshore Disclosure Facility to ask them for their insights.

Reviewing IR35 will not be a quick process warns the OTS

By UCHQ Team July 31, 2010

The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.

Forget about tax evasion, honesty must be the best policy

By UCHQ Team July 22, 2010

HMRC is set to increase its investigations into tax avoidance and contractors not operating via an umbrella company may wish to get advice from a specialist accountant to ensure that all their tax matters are in order.

Concerns over tax avoidance measures

By UCHQ Team June 25, 2010

The government has announced that they will once again look at whether a general anti-avoidance rule should be introduced as a measure to deter limited company tax evaders.

Lib Dems pledge to target tax avoidance

By UCHQ Team April 15, 2010

The Liberal Democrats released their election manifesto yesterday and pledged among other things to crackdown on tax avoidance. They also want to scrap income tax below a threshold of £10,000, costing the UK exchequer around £16.7bn a year.