Tax avoidance

Investors in film schemes run by Ingenious Media were given the right to appeal an earlier High Court decision, which blocked their attempt to stave off HMRC tax demands.

HMRC introduces new measures to tackle tax avoidance

Failed tax avoidance business Welbeck hired young actors to push schemes onto City big earners, and reaped millions in commissions that fuelled lifestyles of fast cars and exotic holidays, according to a whistleblower who worked at the firm.

A financial adviser is on trial for his part in a £262m tax fraud that enabled investors to reduce their tax bills, a court was told yesterday.

The Financial Services Compensation Scheme (FSCS) could face paying out tens of millions of pounds linked to claims of bad advice to invest in film and property schemes, as an advice firm teeters on the brink of default.

A tax avoidance advice 'timebomb' built up over a decade could send a "significant" number of new claims to the Financial Services Compensation Scheme (FSCS) now that the body has agreed to deal with similar cases, a firm representing unhappy clients...

The Financial Services Compensation Scheme (FSCS) has said the 150 claims it is investigating against poor advice to invest in apparently tax efficient schemes relate to business written in the decade from 2000.

The Financial Services Compensation Scheme (FSCS) has begun processing about 150 individual claims related to advice to invest in tax 'mitigation' schemes after being given the green light by lawyers.

HMRC has secured an extra £2.7bn for the government's coffers by clamping down on tax avoidance and evasion in the last year, its annual accounts have shown.

Our weekly heads-up on the stories that may have caught your clients' attention over the weekend...