http://www.lynamtax.co.uk/news Just another WordPress weblog Fri, 03 Feb 2012 10:55:43 +0000 http://backend.userland.com/rss092 en The UK’s chief Tax Inspector - Dave Hartnett - accused UK householders who pay tradesman cash of helping to “diddle” the country, in an interview with The Daily Telegraph today. He said people who pay cash in hand to tradesmen are “diddling” the economy and diverting money from hospitals and schools ... http://www.lynamtax.co.uk/news/cash-in-hand-helps-the-dodgy-diddlers/2012/01/27/ In cases of serious fraud, where the taxman believes there is a risk of not being able to secure full payment, HMRC can take the extreme action of freezing all of a taxpayer's assets.  In a recent case in the Chancery Division they secured a worldwide freezing order against taxpayers ... http://www.lynamtax.co.uk/news/taxman-made-global-freezing-assets-locked-by-court-order/2012/01/25/ A leading professional tax advisor, David Perrin, has been found guilty of trying to fiddle HMRC out of £70m, in a Gift Aid tax scam.  Perrin, aged 46, of Luton, had worked for the Inland Revenue in the late 1980s and early 1990s.  He went on to become Deputy Managing ... http://www.lynamtax.co.uk/news/%e2%80%9ci-will-survive%e2%80%9d-not-ex-taxman-taunts-with-70%e2%80%99s-disco-anthem/2012/01/13/ The tax authorities in the USA are prosecuting 3 Swiss bankers on charges of aiding tax evasion: in the latest global crackdown on tax fraud linked to secretive offshore bank accounts. The New York Times (David Jolly) reported that the oldest Swiss bank, Wegelin & Company, has confirmed that 3 of ... http://www.lynamtax.co.uk/news/3-swiss-bankers-charged-with-aiding-tax-evasion/2012/01/11/ HMRC warned today that there is an increased risk that some labour suppliers may be involved in tax evasion.  Where it can be shown that a business knew, or should have known, that transactions entered into were connected with the fraudulent evasion of VAT, the business could lose its right ... http://www.lynamtax.co.uk/news/employers-told-to-check-their-labour-providers/2011/12/21/ A father, mother and their three daughters from Tooting, South London, were found guilty of  a multi-million pound tax fraud and money laundering scam. Isaac William (aged 61) ran a business supplying security guards to the construction industry.  HMRC investigators found that between 1999 and 2008 his businesses received income of ... http://www.lynamtax.co.uk/news/tax-fraud-family-jailed/2011/12/20/ HMRC have created 4 specialist teams to handle Compliance Checks into direct tax avoidance schemes used by Small and Medium Enterprises (SMEs). The taxman is transferring around 2,000 SME Compliance Checks into the new by the end of January 2012.  The teams will focus on direct tax avoidance schemes.  However Employee ... http://www.lynamtax.co.uk/news/new-teams-for-sme-avoidance-schemes/2011/12/15/ HMRC warned today that private tutors and coaches have less than a month left to make a disclosure under the so-called Tax Catch Up Plan. This is a simplified disclosure programme which will be followed up by full investigations of those who do not come forward.  Anyone wanting to take ... http://www.lynamtax.co.uk/news/tutors-and-coaches-deadline-looms/2011/12/07/ The much rumoured Statutory Residence Test has not been included in the subjects for inclusion in the 2012 Finance Bill.  The government has indicated that the draft proposals are likely to be included in the Finance Bill 2013. However, a lot can happen in that period and therefore it cannot ... http://www.lynamtax.co.uk/news/statutory-residence-test-put-on-back-burner/2011/12/06/ As part of a rolling series of simplified disclosure campaigns HMRC has announced that it will be launching yet another campaign in February 2012. That campaign will be aimed at electricians and electrical fitters and will be known as the Electricians Tax Safe Plan (ETSP). This will be very similar to ... http://www.lynamtax.co.uk/news/another-hmrc-disclosure-campaign-electricians-tax-safe-plan/2011/12/03/