Wealthy bankers’ bonuses speculative scheme denied in court
HM Revenue and Customs (HMRC) has shut down a major tax avoidance scheme used by banking giants UBS and Deutsche Bank (DB), designed to avoid around £135 million in tax.
HM Revenue and Customs (HMRC) has shut down a major tax avoidance scheme used by banking giants UBS and Deutsche Bank (DB), designed to avoid around £135 million in tax.
A tax avoidance scheme used by Stagecoach to cut their tax bill by £11 million has been stopped in its tracks.
New statistics reveal that HMRC has collected more than £2 billion in disputed tax from tax avoiders, under rules introduced by the government in 2014.
High street bookies Ladbrokes has lost a £54m tax avoidance court case.
HMRC has collected £1 billion in tax payments from users of tax avoidance schemes as a result of the government’s new rules to collect disputed tax upfront, the Financial Secretary to the Treasury, David Gauke, announced today.
HMRC has won another major tax avoidance case against Abbey National Treasury Services PLC (ANTS), protecting more than £85 million for UK taxpayers.
HMRC has won a major tax avoidance case against P&O Steam Navigation Company Ltd, after the Upper Tribunal confirmed that the company’s ‘rate-booster’ scheme did not work. Double taxation relief of £14 million has been protected in this instance, with a further £140 million likely from around 20 similar cases.
HMRC has won a major tax avoidance case against Abbey National Treasury Services PLC (ANTS) and Cater Allen International Ltd (CAIL), protecting more than £16 million for UK taxpayers after the courts decided against their attempt to avoid paying corporation tax on the interest on floating loan rate notes. The ruling will protect over £86 million, as four similar cases were awaiting the ruling.
Contractors and freelancers only have until the end of June to register for the Contractor Loans Settlement Opportunity (CLSO), HM Revenue and Customs (HMRC) warned today.
The Contractor Loan Settlement Opportunity (CLSO) is available for anyone who engaged in a Contractor Loans scheme before 6 April 2011. These were marketed as tax avoidance schemes, but HMRC has made it clear that these schemes do not work.
High street retailer Next has been hit with a £22.4m tax bill after a court ruled the firm’s complex tax scheme was artificial tax avoidance.
HM Revenue and Customs (HMRC) has secured three tribunal wins against tax avoidance schemes, protecting over £260 million in tax.
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