Thirty
new taskforces to tackle tax evasion (Opens new window)
Thirty new taskforces to crack down on tax dodgers will be launched
by HM Revenue & Customs (HMRC) in 2012/13.
The taskforces will target specific business sectors in specific locations where there is evidence of tax evasion. The likely targets include:
HMRC
issues tax returns penalties (Opens new window)
850,000 penalties for late tax returns will be issued over the next
fortnight, 550,000 fewer than the same time last year, HM Revenue &
Customs (HMRC) announced today.
Letters containing the £100 late-filing penalties are being sent to people who failed to send their 2010/11 Self Assessment returns to HMRC on time.
New
HMRC video urges employers to dump the dummies (Opens new window)
HM Revenue & Customs (HMRC) has launched a new online video to help
employers reduce the problems caused by inaccurate employee data.
Alcohol
smuggling gang jailed for £50m fraud (Opens new window)
A criminal gang has been jailed for one of the biggest ever alcohol
smuggling frauds uncovered in the UK.
The scam was worth £50m a year in unpaid duty and VAT which allowed the gang members to spend recklessly on high performance cars and luxury properties throughout Europe.
Redknapp
and Mandaric acquitted of tax fraud (Opens new window)
Harry Redknapp and Milan Mandaric were today acquitted of cheating the
public revenue.
HMRC begins online advice seminars
HM Revenue & Customs (HMRC) has begun a series of online presentations
or webinars giving help on tax to businesses and the self employed.
Liechtenstein
tax agreement extended (Opens new window)
The UK Government’s groundbreaking tax agreement with Liechtenstein
- the Liechtenstein Disclosure Facility (LDF) - which has ensured the
UK receives its fair share of tax revenues from UK taxpayers with investments
in the principality, has been consolidated today with the initialling
of a Double Taxation Agreement (DTA).
Fresh
approach to business records checks (Opens new window)
HM Revenue & Customs (HMRC) has announced a fresh approach to its
business records checks programme following a review.
The review has found clear evidence that it is effective in improving record-keeping practices in smaller businesses. However, it recommends that the checks are more targeted in future, linking to available education and support.
