HMRC to offer ‘life-changing’ cash rewards for employees who grass tax dodging bosses.
In an effort to cut the UK’s ‘tax gap’ by targeting large firms and wealthy individuals, HM Revenue and Customs (HMRC) has boosted the cash rewards available to Brits who report fraudsters. Chancellor Rachel Reeves officially announced the new scheme in last month’s spring statement, claiming it will help the government to recoup a share of the £7.5 billion lost each year to tax avoidance – which is legal – and evasion – which isn’t.
A new analysis by HMRC of undisclosed foreign income by UK residents published today has identified £400m of under-declared tax from offshore income, with 16% of individuals not reporting and paying
The ‘golden passport’ is no more in Europe, but for wealthy Americans eager to relocate, there are still plenty of options to escape to new horizons. On April 29, the European Court of Justice
Brazil’s vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international
Some 60 per cent of British millionaires believe they could have a better life abroad, a new survey has revealed. More than half of all the 1,000 wealthy respondents also said they are more likely to