Advisers unable to evidence that a VAT exempt transaction has taken place will be charged at the standard rate, final HMRC guidance states.
The government has introduced new legislation to prevent the use of two aggressive tax avoidance schemes used by Barclays.
Her Majesty's Revenue and Customs (HMRC) will review all cases relating to tax disputes worth over £100m following a damning report from MPs.
Her Majesty's Revenue and Customs (HMRC) plans to create 30 taskforces to tackle tax evasion by the end of 2012/13.
Advisers have been urged to remind clients they could shelter more than £58,000 from the taxman this ISA season.
Conservative MPs have threatened to strike down the Budget if the government does not reconsider child benefit reform.
Her Majesty's Revenue and Customs (HMRC) expects to issue some 850,000 penalties for late tax returns over the next fortnight, 550,000 fewer than the same time last year.
Shadow Chancellor Ed Balls has called for a series of tax cuts in next month's Budget which he says are needed to boost the UK economy.
Mike Mason, director with BDO’s forensic team, explains the actions advisers should take in the event they have a client who is getting divorced.
The UK inflation rate fell to 3.6% in January, down from 4.2% in December, official figures show