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HMRC Targets Online Retailers in Tax Crackdown
This week, Cameron announced the latest move by HMRC to battle tax avoidance and the “hidden economy”. The Revenue will be granted additional powers to access information from business intermediaries (for example, eBay and Gumtree) and...
Selling Property by Lottery
Can selling your property by lottery save on tax? There has been a wave of stories and articles recently about selling residential properties via a lottery or raffle. The aim of these schemes is to reduce or eliminate tax bills that would otherwise occur if you...
Nom-Dom Status: The Facts
You may have heard, bandied about amongst the General Election hubbub, the words ‘non-dom’. Non-dom refers to non-domiciled individuals, or those who spend enough time abroad to avoid paying any UK tax on the income they earn overseas. You can read about...
Google Earth: HMRC’s Newest Tool in Fight Against Tax Avoiders
In a recent article in the Daily Mail, it was revealed that Revenue inspectors have taken to using Google Earth to catch out tax avoiders by spotting clues to the individual’s lifestyle and wealth, such as cars and home improvements.HMRC is...
Amazon Paying Less Tax, Despite Jumping Profits
Amazon Services UK saw its profits rise from £48 million to £80 million between 2016 and now. However, the online retail giant paid just £1.7 million in taxes. Compared to the tax payment of £7.4 million in 2016, Amazon displayed a £5.7...
Over 40s Tax Needed for Old Age Care
MPs have announced that a new tax for people over 40s should be introduced in England to help pay for nationwide elderly care.Currently, only those facing financial difficulties receive help towards the cost of care, whether it be in a care home or in a people’s...
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