The government has raised almost £24bn in additional tax to the year ended March 2014, as a result of a crackdown on tax avoidance, which we first reported in January this year.
With more and more celebrities being highlighted in the media as not paying their fair share of tax, Burgess Hodgson Associate Simon Bailey considers the difference between tax evasion and tax avoidance, and where the line between the two becomes blurred, as well as some legitimate ways to reduce your tax bill. (more…)Read More
Around 5.5 million people have paid the wrong amount of tax, with a significant number facing further payments to HM Revenue & Customs in order to make up the difference, according to numbers revealed by the taxman. (more…)Read More
HMRC has secured record tax revenues by cracking down on tax dodgers.
The additional tax – the tax that HMRC secures as a result of its investigations, on top of the tax collected from those who pay their taxes on time – is up £3.2 billion on the previous year, up £9 billion on three years ago and nearly £1billion above the target set at Autumn Statement 2013. (more…)Read More