New laws that ensure businesses selling online pay the right amount in tax, and which make online marketplaces more accountable for VAT fraud, have come into force in the UK.
The Criminal Finances Act gives HMRC a global mandate to pursue the possible facilitation of tax evasion anywhere in the world if it involves a UK tax liability.
Tax evasion has become a big topic of debate, especially where those of the football world are concerned. The Spanish tax office has accused numerous high-profile figures of dodging the taxman, with José Mourinho being the latest target.
In its haste to gain Royal Assent before June’s general election, the Finance Bill saw over half its contents removed. But the intent to crack down on tax avoidance still permeates its pages. So it doesn’t hurt to understand what that entails – and what the difference between tax avoidance and tax evasion is.
New research has revealed that one-in-five British consumers boycott brands on the back of what is perceived to be a scandal or negative press.
The chancellor has inked an agreement with Spain, France, Italy and Germany to share information on the “ultimate owners of companies” – shedding light on financial wrongdoing.
The tax authority is making use of its increased powers by following up with thousands of individuals – but many online users are unsure as to whether they're at risk.
Arlette Ricci, grandaughter of Nina Ricci and heir to her perfume and fashion fortune, has been sentenced to prison for tax fraud after hiding money in HSBC's Swiss banking arm. The case has brought the UK's promise to clamp down on tax evasion into question.
The distinction between tax avoidance and tax evasion used to be clear, but the shifting sands of public opinion have changed that. Does everyone take part in tax avoidance?
A new report from Reuters law division has found that HMRC prosecutions were up by almost a third in 2013/14.
When the Government launched its latest consultation on tax avoidance on August 19, it may well have had in mind those small number of individuals who shelter substantial amounts of income and gains outside the UK in order to evade UK tax.
While Google suggests we tidy up our tax policies, Ed Milliband and David Cameron strive to face the issue through different methods.