HMRC

A clampdown on suspected tax avoidance among taxpayers with rapidly rising wealth has netted HMRC an extra £11.5m since it began targeting the group in 2012, according to calculations.

The majority of people accessing their pensions for the first time will be overpaying tax, particularly if they withdraw large sums of cash, Prudential head of business development Vince Smith-Hughes has warned.

HM Revenue and Customs (HMRC) has secured three tribunal wins against tax avoidance schemes, protecting more than £260m in tax.

Advisers could face criminal charges under new powers for HM Revenue & Customs (HMRC) following the Budget if they fail to prevent tax evasion by inherited clients, a lawyer has warned.

Glen Stewart offers a step-by-step guide to minimising inheritance tax

The government expects to collect an extra £3.1bn from those found to have avoided or evaded tax payments - and those professionals who help them - Chancellor George Osborne said in his Budget speech today.

The Chancellor George Osborne will announce in today's Budget he plans to scrap the annual tax return, replacing it with a single ‘digital' tax account.

HSBC is closing all accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.

Lawyers are urging investors who have been advised to invest in disputed tax avoidance schemes to take their financial advisers to court for compensation.

The government is to force tax avoidance schemes to reveal they are being monitored by HM Revenue & Customs (HMRC) as part of its wider clamp down on tax crime.