HMRC seeks more audit files from EY in property tycoon’s tax dispute December 11, 2023 Counsel for HMRC asked the court this morning to see more of EY’s audit files in relation to the property tycoon’s tax affairs dispute. HMRC filed a claim to the High Court against the Big Four firm over allegations it misrepresented its client tax affairs to the HMRC. The client was the British property investor [...]
Entain’s £585m fine shows flourishing ‘maturity’ of Crown Prosecution Service December 6, 2023 Corporations need to be wise to the fact that a deferred prosecution agreement (DPA) can come from all prosecuting bodies, not just the Serious Fraud Office (SFO), warns lawyer. News broke that the company behind Coral and Ladbrokes will pay £585m after a probe into alleged bribery at a former Turkish subsidiary. The DPA action [...]
Open banking experts say current technology is just ‘tip of the iceberg’ December 5, 2023 Open banking is at a critical junction and the UK must capitalise on the head-start it already has, according to two industry experts.
One third of tech giants under digital services tax faced investigations by HMRC December 4, 2023 One third of tech giants that pay the UK’s new digital services tax have already been subjected to checks by HMRC, says national law firm Pinsent Masons. The digital services tax was introduced at the 2020 Budget in a move to ensure tech giants pay their fair share of tax, as they would be charged [...]
Honest Burger locks horns with HMRC over tax bill December 3, 2023 Posh fast food chain Honest Burger was locked in a legal dispute with HMRC after a plea to get an extension on paying a tax bill was ignored, it has been revealed.
Property transactions slide 17 per cent in October as hangover from high mortgage rates drags on November 30, 2023 The number of new homes bought in October was 17 per cent lower than the year before, as high mortgage rates during the summer led to lower activity, according to the latest figures from HMRC.
Let’s be honest, smoking bans are pointless and will revive a war on drugs November 30, 2023 Rishi Sunak's government wants to ban anyone born after 2008 from purchasing tobacco products, but the arguments for prohibition are incredibly flimsy.
HMRC digital transition set to cost £1.3bn – four times over budget – MPs warn November 25, 2023 Transitioning HMRC to a digital system is now expected to cost as much as £1.3bn - and has gone four times over budget, MPs have warned.
Entain: Coral and Ladbrokes owner to pay £585m after bribery investigation November 24, 2023 Entain said it had reached an agreement with HM Revenue & Customs which would see it paying £585 million in penalties and disgorgement of profits.
Immigration is rocketing. That’s brilliant news for Britain. November 23, 2023 Immigration is the never-ending saga of British politics - but unless we all get at it like rabbits, the UK shouldn't be closing the door, says Andy Silvester