Tax Avoidance Loopholes

Danny Alexander gets tough on tax avoidance

Treasury cracks down on civil servant tax dodge loophole

Around 2,400 civil servants are receiving their salary ‘off payroll’, which means they may have dodged the full rate of income tax, Danny Alexander has revealed.

The Treasury says some of the very rich are paying less than the basic rate of tax

Treasury reports one in ten £10m earners pay less than 20% tax

In a bid to support a proposed policy to limit tax relief available on charitable donations the Treasury has released figures that show one in ten £10m+ earners pay less than the basic rate of tax.

Chancellor vows to stop wealthy tax avoiders

Osborne ‘shocked’ by millionaire tax dodgers

The Chancellor has vowed to take action on tax avoidance after being “shocked” to learn that some of the UK’s wealthiest people are paying almost no income tax.

RBS used a tax loophole to avoid paying tax on buying back its own debt in 2009

RBS used similar tax loophole as Barclays to avoid paying tax

The Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009.

HMRC will set up a new body to review tax settlements above £100m

HMRC to set up new body to review £100m+ business tax deals

Following criticism of HMRC from a parliamentary committee the Treasury has confirmed that an "assurance commissioner" will be set up to scrutinise tax settlements above £100m.

Rangers face a fight with the UK tax authorities the outcome of which could have wider implications

Rangers Vs HMRC: Result could impact on city and Premier League

The fight between Rangers and the UK tax authorities over the use of employee benefit trusts (EBTs) could see HMRC take on other institutions who have used the same system.

HMRC boss Hartnett warns cash-in-hand payments 'diddle' the economy

British people are being encouraged to report those who accept cash-in-hand payments as part of a crackdown on tax avoidance by HM Revenue & Customs.

The UK's most senior tax official, David Hartnett will retire in 2012

HMRC's top taxman, David Hartnett to retire next year

HMRC boss David Hartnett, who has been criticised for agreeing so-called "sweetheart" deals with big businesses including Vodafone and Goldman Sachs will retire next summer.

Government reveals it will close Channel Islands tax avoidance loophole

End of cheap CDs as government closes tax loophole

The removal of Low Value Consignment Relief for companies in the Channel Islands is to take place in April 2012, which could push up prices for shoppers.

HMRC lawyer ordered to take oath before questioning on tax deals

A top lawyer for HM Revenue and Customs has been ordered to swear an oath on the bible after proving reluctant to answer questions over alleged sweetheart deals.

Almost all of the FTSE 100 companies use tax havens, it has been claimed

Almost all of Britain's FTSE 100 firms 'use tax havens'

The majority of the UK's most valuable companies have operations based abroad to legally avoid paying tax, it has been revealed.

Making a will is helpful to your family even if your estate is below the inheritance tax threshold

A guide to understanding death duties

Inheritance Tax is a thorny subject but one that affects millions of us. Even if you fall below the threshold, currently £325,000, making a will helps your family.

Danny Alexander is set to announce the recruitment of 2,000 new tax inspectors

Alexander to announce tax crackdown on rich by 2,000 new HMRC inspectors

Danny Alexander, the Chief Secretary to the Treasury will announce at the Liberal Democrat conference that the government will recruit 2,000 extra Inland Revenue tax inspectors to monitor the tax affairs of 350,000 of the richest UK residents.

There are some tax advantages to being married

The tax benefits of marriage

If you are married there are reliefs and tax strategies available for inheritance tax, income tax and capital gains tax and some are available for co-habiting couples too.

HMRC successfully stops £1 billion in tax losses

HRMC carried out more interventions in the last tax year which meant that genuine customers are not paid money they later have to repay and fraudsters are caught earlier.

April 6th is the start of the new tax year

A guide to the new tax year

April 6th sees the beginning of a new financial year. This means that a new set of tax allowances and rates apply with implications for all of us. Myfinances.co.uk guides you through it.

Barclays Stockbrokers offers investment tips

Barclays Stockbrokers offer investment advice

Investment advice has been given by Barclays Stockbrokers, which issues tips on making efficient choices.

Tax: HMRC not hitting tax cheats hard enough

Taxman hitting £1bn tax cheats with low penalties

HM Revenue & Customs (HMRC) is failing to impose high enough fines on those it catches in the hidden economy, according to a new National Audit Office (NAO) report, as £1 billion in tax is missed each year.

There is a tax amnesty for offshore bank accounts

Government amnesty on offshore bank accounts

The government has launched an amnesty for people who have been dodging tax by using offshore bank accounts.

Brits can give more to charity and pay less themselves using payroll giving

Give more for less this Christmas

People giving money to charity can boost the amount the charity receives while paying less themselves by using payroll giving.

Brits have been given top tax tips from Tax Watchdog

Maximise your tax

As the financial year draws to a close, experts are urging consumers to make the most of their tax-free allowances and keep as much of their money from the Inland Revenue as possible.

Britons are paying far more tax than they need to

Britons paying £7.6bn too much tax

UK taxpayers will hand the Inland Revenue £7.6 billion more than they need to this year, new figures show.

Tax dodgers cost everyone money, HMRC claims in a new campaign

Pay Tax? Nah

People dodging tax are costing us money and should be shopped to the authorities, that is the message of a new campaign by HM Revenue & Customs (HMRC).