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Initiatives announced in 2010 suggest an increasing willingness on the part of HMRC to use retrospective action to counter avoidance schemes, even when no warning has been given. [89] The UK Government has pushed the initiative led by the Organisation for Economic Co-operation and Development (OECD) on base erosion and profit shifting. [90]
Until 2019, Customs Handling of Import & Export Freight (CHIEF) is the computer system of the United Kingdom's revenue and customs services, HMRC, used for managing the declaration and movement of goods into and out of the United Kingdom and allowing UK traders to communicate with counterpart customs systems in the other member states of the European Union.
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
HMRC is pursuing the football presenter for £4.9 million that it claimed should have been paid on income received between 2013 and 2018. HMRC ‘wanted’ tax avoidance law to apply in Gary ...
As of 2015, Homer was paid a salary of between £185,000 and £189,999 by the department, making her one of the 328 most highly paid people in the British public sector at that time. [ 19 ] On 11 January 2016, Homer announced she would retire from her post as chief executive of HMRC in April of that year. [ 20 ]
In 2015, Chancellor of the Exchequer George Osborne promised to collect £5 billion by "waging war" on tax evaders by announcing new powers for HMRC to target people with offshore bank accounts. [48] The number of people prosecuted for tax evasion doubled in 2014/15 from the year before to 1,258. [49]
K2 was an offshore wealth management scheme in which salaries of individuals in the United Kingdom were channelled through shell corporations in Jersey, Channel Islands.In June 2012, media reporting of people using K2 for the purposes of tax avoidance was followed by the United Kingdom's Prime Minister David Cameron characterising the scheme as "morally wrong". [1]
The Tax Avoidance Schemes (Information) (Amendment) Regulations (SI 2009/611) The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) (No. 2) Regulations (SI 2009/612)