Could your business be liable for an unlimited fine? What you need to know about the new corporate offences relating to tax evasion. Taking no action is not an option.
In this article tax specialist, Paul Davies, addresses the forthcoming changes to inheritance tax, and what they mean for you.
The UAE Ministry of Finance has released the draft of the UAE Cabinet Decision of 2017 on the Executive Regulation of the Federal Law No (8) on VAT.
Recent cases show the cost, with added interest and penalties, of delay in settling cases involving tax scheme with HMRC. In the Samarkand Film Partnerships case we see many of the remaining arguments against HMRC's extended new powers to tackle avoidance knocked back. Those looking to litigate rather than settle need to be surer than ever of their technical grounds. While promoters may want to continue appeals, taxpayers should take independent advice on the prospects of success.
From 6th April, contractors working in the public sector through their own companies will no longer be responsible for agreeing their tax status (whether they are treated for tax purposes as employees and so subject to income tax and national insurance contributions) with HMRC. The decision-making responsibility passes to the public sector body where they work.
The UK Government has pushed through controversial legislation introducing new offences which will make businesses criminally liable for failures to prevent tax evasion facilitation offences by associated persons.