HMRC

HM Revenue & Customs (HMRC) has failed to halt the widespread use of "highly contrived" tax avoidance schemes, according to a National Audit Office (NAO) report.

The Investment Management Association (IMA) has written to HM Revenue & Customs (HMRC) to express its concerns over the "continued uncertainty" for companies trying to comply with the Foreign Account Tax Compliance Act (FATCA).

FIVE THINGS

FLEXIBLE DRAWDOWN

UK residents with Swiss bank accounts are being warned that new landmark taxation arrangements are scheduled to come into force on 1 January next year.

HM Revenue & Customs (HMRC) has set up a website to help people pay the correct amount in tax as part of its targeted campaign to stop criminal avoidance.

Her Majesty's Revenue & Customs (HMRC) is this week to begin issuing about one million notifications to households about forthcoming changes to child benefit payments.

A second tax adviser working for the Vantis Tax group was today jailed for four years for his part in a £70m tax fraud.

Almost a third of the UK 'tax gap' - the difference between what is owed to Her Majesty's Revenue & Customs (HMRC) and what is collected - is due to tax avoidance or evasion, according to the latest estimates.

HM Revenue & Customs (HMRC) is to publish further guidance on whether discretionary fund managers should be eligible for VAT payments.