In 2010–11, public finances continue to be dominated by the aftermath of the global financial crisis and recession, with a pressing need to cut government borrowing.
Accountant and business adviser PKF is urging those who receive an ‘intervention’ letter not to ignore it – even if they have not made profits on their letting.
HM Revenue and Customs (HMRC) has announced that it won three court decisions against tax avoidance schemes in July.
HMRC has launched a new advertising campaign warning people to declare their income before it is too late.
New tax arrangements from next year will see UK residents with Swiss bank accounts forced to declare their holdings.
Up to two million people will have their credit files checked under a crackdown on tax evasion it has been revealed.
A garlic smuggler has been jailed for six years after evading around £2 million in customs duty while importing Chinese garlic.
UK taxpayers who hold Swiss bank accounts will be given their last chance to pay any tax due or face an investigation.
A tax team dedicated to making sure the rich play by the rules is set to double from its current size, HMRC has said.
High-profile figures holding offshore accounts have been exposed today in an article by The Guardian newspaper.