OPINION: HM Revenue and Customs (HMRC) should adopt an overall resolution strategy to settle every one of the 65,000 UK tax avoidance schemes that are still open. Only by doing that will HMRC help the tax system to retain vital credibility, stability and predictability. 05 Nov 2014
HM Revenue & Customs (HMRC) has stepped up its battle against tax dodging by warning firms which promote aggressive avoidance schemes that they could face fines of up to £1 million, according to reports.
The tax returns of two thirds of the 800 largest businesses operating in the UK are under “enquiry”, HMRC announced after yesterday’sstakeholder conference. Jennie Grainger, director general of enforcement and compliance, told the conference that this did not mean that http://www.accountingweb.co.uk/sites/default/files/styles/large/public/HMRC%20building_most large businesses were “on the make” and that the large business tax gap included elements like… Continue reading HMRC steps up scrutiny of largest businesses