Author: Publisher:
ISBN: 9781845328542
Category :
Languages : en
Pages : 22
Book Description
Tackling Tax Avoidance
Author: Tackling tax avoidance
Author: Great Britain: H.M. TreasuryPublisher: The Stationery Office
ISBN: 9780108510502
Category : Tax evasion
Languages : en
Pages : 28
Book Description
Dated March 2011. A supporting document for the Budget 2011 (HC 836, ISBN 9780102971033)
Tackling Tax Avoidance
Author: Tackling Tax Evasion and Avoidance
Author: Great Britain. HM TreasuryPublisher:
ISBN: 9781474116787
Category :
Languages : en
Pages : 24
Book Description
Tax Avoidance
Author: Great Britain: National Audit OfficePublisher: The Stationery Office
ISBN: 9780102980493
Category : Business & Economics
Languages : en
Pages : 48
Book Description
The tax avoidance disclosure regime introduced in 2004 by HM Revenue and Customs, DOTAS, has helped the department make some important headway in reducing the opportunities for avoidance. However, there is little evidence that HMRC is making progress in preventing the sale of highly contrived tax avoidance schemes to a large number of taxpayers.However, the DOTAS has helped HMRC to change tax law and prevent some types of avoidance activity and also helped to change the market of tax avoidance schemes, the larger accountancy firms are now less active in this area.Tax avoidance is not illegal and is therefore inherently difficult to stop. A potential avoider can use a scheme to gain a tax advantage until HMRC can prove that the arrangement is not consistent with tax law. This can take many years and often requires litigation. HMRC has increased its focus on the tax affairs of high net worth and affluent individuals. But there are still 41,000 open avoidance cases and HMRC has yet to demonstrate how this number will be reduced. The large number of users of mass-marketed schemes presents a challenge to HMRC, seeking to tackle such schemes by litigating a few lead cases to demonstrate to other users that the scheme will not succeed in the courts. HMRC has an anti-avoidance strategy, but does not monitor its costs and has not yet identified how it will evaluate its effectiveness. This limits its ability to make informed decisions about where to direct its avoidance activity.
Tackling Tax Evasion and Avoidance
Author: Great Britain: H.M. TreasuryPublisher:
ISBN: 9780101886574
Category :
Languages : en
Pages : 24
Book Description
Tackling Tax Evasion and Avoidance
Author: Great Britain: H.M. TreasuryPublisher:
ISBN: 9781474116770
Category :
Languages : en
Pages : 24
Book Description
Confronting the Problems of the Tax Avoidance and Evasion
Author: Tax Avoidance
Author: Great Britain: Parliament: House of Commons: Committee of Public AccountsPublisher: The Stationery Office
ISBN: 9780215054142
Category : Business & Economics
Languages : en
Pages : 66
Book Description
HMRC estimates that in 2010-11 the tax gap due to avoidance was £5 billion and that the present total tax at risk from avoidance over time is £10.2 billion. There is a proliferation of contrived schemes which exploit loopholes in legislation and abuse available tax relief schemes. Promoters are deliberately taking advantage of the time lag between the launch of a scheme and the closure of the scheme by HMRC. Promoters and providers sign up as many clients as possible before HMRC changes the law and shuts the scheme. They then move on to a new scheme and repeat the process. The complexity of tax law creates opportunities for avoidance, there is no effective deterrent, and HMRC is ineffective in challenging promoters. All too often Government introduces tax incentives to stimulate economic activity that become an opportunity for tax avoidance. Promoters collect their fees even when the schemes are found not to deliver a tax advantage and few schemes are covered by mis-selling regulations. Those who promote a tax avoidance scheme are required to notify HMRC of the scheme however, HMRC does not know how much avoidance is not disclosed but should. It is alarming that some QCs' opinions are being used by promoters as a "reasonable excuse" for non-disclosure which prevents HMRC from applying a penalty. HMRC could learn from how other countries deter and tackle tax avoidance. HMRC should also name and shame those who promote tax avoidance schemes, to harness public opinion and reduce the appetite of companies to promote or use avoidance schemes.
Fighting Tax Crime – The Ten Global Principles, Second Edition
Author: OECDPublisher: OECD Publishing
ISBN: 9264572872
Category :
Languages : en
Pages : 78
Book Description
First published in 2017, Fighting Tax Crime - The Ten Global Principles is the first comprehensive guide to fighting tax crimes. It sets out ten essential principles covering the legal, institutional, administrative, and operational aspects necessary for developing an efficient and effective system for identifying, investigating and prosecuting tax crimes, while respecting the rights of accused taxpayers.