Vantis wives embroiled in Revenue case October 12, 2009 THE wives of two leading City accountants have been caught up in the tax controversy surrounding Vantis, the publicly-quoted accountancy group. City A.M. has learnt that Shirley Faichney and Nicola Perrin will both face charges of “cheating Her Majesty and the public revenue,” charges that they reject. A spokesman yesterday told City A.M.: “We can [...]
City tax stars face charges from Revenue October 11, 2009 VANTIS, the stockmarket-listed accountancy firm, yesterday confirmed that its two leading City accountants have been charged with a multi-million pound tax scam. David Perrin and Roy Faichney work in the tax division of Vantis and are responsible for developing tax saving schemes for their wealthy clients which included former captain of England rugby team, and [...]
Taxman launches snitch site September 24, 2009 TAX body HM Revenue & Customs (HMRC) has launched a new website to help people snitch on businesses they believe may be dodging tax. HMRC said it has launched a new facility allowing people to “raise their concerns online” about firms and individuals that might be “cheating the system”. The push for informants, which comes [...]
Lloyds braced for tax row September 20, 2009 LLOYD Banking Group is facing an investigation by HM Revenue & Customs (HMRC) over allegations that it helped wealthy clients avoid tax. Footage obtained by BBC’s Panorama shows a banker at the Jersey arm of Lloyds TSB Offshore telling an undercover reporter posing as a customer that he can channel funds through Hong Kong to [...]
POLL: UK FACING INSURER EXODUS September 15, 2009 OVER 60 per cent of top executives at Britain’s insurance firms are feeling tempted to leave the UK because of high taxes, a poll reveals today. The survey of 75 chief executives and finance directors also showed growing pessimism about the competitiveness of the City, with 80 per cent predicting the number of insurers based [...]
Seven arrested in tax fraud case August 19, 2009 The British tax office arrested seven people in London yesterday in a suspected £38m value-added tax fraud in the European market in carbon allowances, it said. Officers from HM Revenues and Customs (HMRC) searched 27 properties around London and arrested six men and one woman in early morning raids, the HMRC said in a statement. [...]
HMRC gets access to offshore funds August 12, 2009 HM REVENUE and Customs (HMRC) will be able to access the offshore accounts of UK citizens with accounts at more than 300 banks, after it secured “production orders” forcing lenders to disclose the information. HMRC continued its campaign against tax evasion with the orders, which will also see the 308 affected banks required to pass [...]
UK signs deal with Liechtenstein over tax data disclosure August 11, 2009 THE UK has signed a landmark deal with Liechtenstein to aid the recovery of tax revenues from British people with bank accounts in the tiny mountainous principality. HM Revenue and Customs reached an agreement with the Liechtenstein authorities to encourage 5,000 Britons to hand over data on an estimated £3bn stashed in secret accounts. UK [...]
A BONUS CAN BE A RIGHT August 11, 2009 SPEAKER’S CORNERROBERT JAMES WASHINGTONASSOCIATE, HOGAN & HARTSON PEOPLE who have lost their jobs as a result of the current recession might not like it, but as the reports of banking profits last week suggested, bonuses are back. Or in any case, they will be soon. This bonus season, though, PR might dictate that some firms [...]
Liechtenstein cuts tax deal August 10, 2009 HM REVENUE & Customs (HMRC) is set to sign a ground-breaking deal today with the tax haven of Liechtenstein designed to unlock £2bn to £3bn of cash from the secret bank accounts of British citizens in the tiny European principality. HMRC will ask around 5,000 UK investors to volunteer the details of their deposits. Banks [...]