Tax Evasion

Margaret Hodge MP: UK Tobacco Companies Fuelling Black Market Trade

The Public Accounts Committee have accused Britain’s tobacco industry of fuelling black market trade by oversupplying their products to high risk european countries such as Spain, Netherlands, and Luxembourg. Margaret Hodge, chairwoman of the committee, has also accused HM Revenue and Customs  (“HMRC”) of  “turning a blind eye” to the fact that UK manufacturers are oversupplying european …

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HMRC Propose Changes to UK Tax Rules for Limited Liability Partnerships

HM Revenue and Customs (“HMRC”)  have published a new consultation paper, named ‘Partnerships: A Review of Two Aspects of the Tax Rules’. This consultation paper introduces changes to partnership rules which are aimed to reduce the scope for tax avoidance through the use of Limited Liability Partnerships (“LLP”).  It is expected that the new legislation will come into effect …

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UK Tax Tribunal Rules on ‘Abusive’ Process Devised to Avoid VAT

In the recent case of Julian Massey and Beryl Massey T/A Hilden Park Partnership v HMRC [2013] the First-tier Tax Tribunal (FTT) ruled that a process to avoid paying Value Added Tax (“VAT”) on suppliers of sporting service was ‘abusive’. The Tribunal held that these services would have attracted VAT and that the doctrine of abuse of …

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Tax Dipsutes Solicitors HMRC Credit Card Data Snooping Watching Mining

Tax Evasion: HMRC Granted Access to Information on Debit & Credit Card Payments

HMRC have been granted new legal powers which allow them to access information on credit and debit card payments from card processing companies. This will allow HMRC to discover the number and value of payment transactions completed by specific businesses or traders.  The Revenue have said that these far-reaching new powers are needed in order …

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