Thomson Reuters falls at hurdle in fight against HMRC tax bill November 15, 2024 After trying to fight a whopping £167m tax bill, a court has sided with the tax agency against Thomson Reuters
Huge debts revealed at firm backed by Money Saving Expert’s Martin Lewis November 13, 2024 A company backed by Money Saving Expert’s Martin Lewis has crashed into liquidation owing almost £8m. Documents filed with Companies House have confirmed that London-based Magway recently appointed Gateway as its voluntary liquidator. According to the statement of affairs document, the firm had an estimated total deficiency to its members of over £7.7m. Among its [...]
HMRC probes into serious tax fraud and avoidance fall to lowest level in six years November 10, 2024 A number of tax experts told the FT staff retention and poor resourcing within HMRC was to blame for the drop off.
Debts revealed at Michelin-starred restaurant backed by Gary Neville November 7, 2024 The company behind a Michelin-starred restaurant backed by Gary Neville that closed last year owed almost £1m as it entered liquidation, it has been revealed. The restaurant, called The Man Behind The Curtain, was located in Leeds and run by chef Michael O’Hare. It was awarded a Michelin star in October 2015, three AA Rosettes in 2016, and attracted investment [...]
Supreme Court refuses Blackrock’s appeal on tax relief of 2009 Barclays deal November 4, 2024 The highest court in the country refused to hear Blackrock's appeal after it lost its case against the tax agency over its 2009 acquisition of Barclays Global Investors
HMRC takes Royal Bank of Canada to the UK’s highest court over corporation tax November 4, 2024 The tax agency has taken the Canada's largest bank to the UK Supreme Court over corporation tax payments on a North Sea oil production
Autumn Budget 2024: Treasury cracking down on fraud October 30, 2024 The Chancellor of the Exchequer has made fraud and error in the welfare system a priority, with a new programme aiming to save £4.3bn by the end of the decade
Top City tax barrister charged with tax evasion October 28, 2024 A top City tax barrister has been charged with tax evasion, it has emerged.
Wise boss fined by City regulator for ‘significant tax issue’ October 28, 2024 The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]