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Around 350 HMRC employees are involved with Connect, who work with an analytical compliance environment. [1] Connect was developed by BAE Systems Applied Intelligence (former Detica in Surrey) for £45m. [2] [3] From September 2016, Connect has interfaced with financial information from British Overseas Territories; these have been known tax ...
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]
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]
File:The Tax Avoidance Schemes (Information) (Amendment) Regulations 2011 (UKSI 2011-171).pdf
Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to subvert a state's tax system, but such classification of tax avoidance is disputable since avoidance is lawful in self-creating systems. [2]
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.
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 ...
Cifas was established in 1988 by the Consumer Credit Trade Association (CCTA) under the acronym CIFAS: Credit Industry Fraud Avoidance System, although the company no longer operates under this acronym as the scope of its services has broadened.