Monthly Archives: July 2012

Offshore Tax Avoidance Schemes Under Consultation

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Following pressure by Brussels, which had ruled that the existing rules on offshore tax avoidance were “disproportionate”, the Treasury has issued proposals to prevent the practice, which is widely used by investors.

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£1 Million Paid for Information on Tax Cheats

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It was revealed yesterday (July 30th 2012) that the government has paid out over £1 million in rewards for information on tax cheats since the start of the financial crisis.

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Children As Young As 11 Being Taught About Tax

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HM Revenue & Customs has developed teaching modules for schoolchildren as young as 11 to teach them about PAYE and National Insurance using videos, games, facts and quizzes.

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HMRC’s VAT Investigations Bring £1.34 Billion

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It has been revealed that the UK’s largest businesses paid out a combined £1.34 billion following HMRC investigations into VAT avoidance within the 2010 – 2011 tax year – more than treble the amount paid the year before – as … Continue reading

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HMRC Clarifies Adviser Changing Rules

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HMRC have confirmed, within revised guidance on adviser charging, that consultancy charges will be paid only by employees who join an employers’ pension scheme.

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