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Tax

EU proposes measures to combat VAT fraud

The European Commission has adopted a communication on possible far-reaching measures to combat VAT fraud.

HMRC admits paying for stolen data

The UK's HM Revenue and Customs has admitted paying an informant for stolen data on accounts held at Liechtensteins' LGT bank.

Draft fifth Bill published in tax law rewrite

The Tax Law Rewrite project, which aims to modernise UK direct tax law so that it is clearer and easier to use, has published a draft of its fifth Bill.

Swiss bankers apologise after Gestapo remark

The Swiss Bankers Association has issued an apology after its president compared an investigation into tax evasion by the German authorities with the Gestapo.

Clock ticks away on Government cash-back

In a bid to encourage UK innovation the Government introduced an R&D tax credit scheme in 2000, but eight years on only a fraction of eligible businesses are claiming what’s rightfully theirs.

Germany and Liechtenstein in tax row

The heir to the throne of Liechtenstein has stepped into a row over accusations that the German tax authorities used bribes to blow the principality’s bank secret.

Asian non-domiciles threaten exodus

Forty-two per cent of South Asian 'high net worth individuals' considered non-domicile claim to be preparing to leave the UK due to the changes to the tax regime set to come into effect in April.

Accounting for tax high on the agenda

One in five UK businesses place tax and how it is accounted for on every audit committee meeting agenda.

Minister says tax plans hurt business

Trade and investment minister Digby Jones has criticised the Government’s plans on taxation for non-domiciled foreigners.

HMRC extends self assessment deadline after website crash

HM Revenue and Customs has given taxpayers an extra 24 hours to file their tax returns, after a technical failure brought the self assessment website down on the deadline date.

CIOT welcomes income shifting motion

The Chartered Institute of Taxation (CIOT) has welcomed an Early Day Motion (EDM) on income shifting that has been tabled in the House of Commons.

Non-doms warned of broad HMRC attack

The draft legislation amending the tax position of non-domiciled individuals will hit more people than first thought, affecting everyone claiming to be non-domiciled.

Entrepreneurs suffer as CGT rules forget 'earn-outs'

Thousands of entrepreneurs have just days left to sort out a capital gains tax nightmare for which HMRC has no guidelines, accountancy firm PKF has warned.