HMRC pays out nearly £1m in tax fraud tip-offs November 20, 2024 The tax agency HMRC has nearly doubled the amount paid out to those making tip offs, the highest figure of at least the past seven years
Supreme Court: Firms linked to top Morgan Stanley banker and Wayne Rooney denied tax allowances November 20, 2024 Investment firms have been denied using tax allowances from a marketed tax scheme by the Supreme Court after it dismissed its appeal against the HMRC
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
Salon chain owner breaks down over National Insurance rise October 31, 2024 The owner of a chain of salons broke down on Sky News on Thursday when talking through how some of the measures introduced in the Budget will affect small businesses like his.
Halloween Budget could still give businesses a fright in the night October 31, 2024 The Budget was not as shocking as some were expecting, but a few things could still go bump in the night, says Tim Sarson Today saw the delivery of one of the most hotly anticipated Budgets in living memory. After 14 years in opposition and an election manifesto with relatively muted tax rises, it must [...]