Tag Results

Tax avoidance sanctions proposals “threaten rule of law”

The government’s proposals to clamp down on tax avoidance by targeting advisers with sanctions if HMRC successfully challenges a scheme blur the line between evasion and avoidance, and “threaten the rule of law”, according to a prominent tax lawyer.

August 18th, 2016 | No Comments »

HMRC gives solicitors a week to ‘pay up or else’

HM Revenue & Customs has given solicitors a week to pay the tax they owe on undeclared income or “face hefty penalties” of 100% on the unpaid tax and the risk of a criminal investigation.

June 3rd, 2015 | No Comments »

Bankrupt barrister subject to five-year restrictions order

A barrister from Essex has been given a five-year bankruptcy restrictions order for neglecting his business affairs. Such an order is made on application to the court if the Official Receiver considers that the conduct of a bankrupt has been blameworthy in some other way.

March 19th, 2015 | No Comments »

Third law firm fined for involvement in SDLT avoidance scheme

A third law firm has been fined by the Solicitors Regulation Authority for its involvement in a stamp duty avoidance scheme operated by Inventive Tax Strategies.

January 23rd, 2015 | No Comments »

“Beyond comprehension” why struggling law firm failed to make HMRC arrangement

A tribunal judge has described as “beyond comprehension” the failure of a financially struggling law firm to make special arrangements with HMRC under the ‘time to pay’ scheme.

October 27th, 2014 | 1 Comment »

SRA fines firm £2,000 for £2.5m stamp duty avoidance schemes

Leading Surrey firm Mundays has been rebuked and fined £2,000 by the Solicitors Regulation Authority for using stamp duty land tax avoidance schemes which saved clients over £2.5m.

October 3rd, 2014 | No Comments »

On-the-run former solicitor jailed for £1m stamp duty fraud

A former solicitor who stole almost £1m through stamp duty fraud has been sentenced to ten years in jail. Shameer Sacranie, 40, from Leicester is believed to have fled the country and was sentenced in his absence last week.

September 30th, 2014 | No Comments »

Smaller law firms “face battle to keep junior partners” as HMRC deadline looms

Smaller law firms are struggling to retain their junior partners in advance of tough new capital requirements set out by HM Revenue & Customs in its crackdown on fixed-share partners avoiding PAYE tax, an executive search firm has claimed.

July 3rd, 2014 | 1 Comment »

LeO: make conveyancers answer to HMRC for stamp duty failings

The Legal Ombudsman (LeO) has suggested that conveyancers, rather than clients, should answer to HMRC when stamp duty payments fail to arrive.

May 8th, 2014 | 1 Comment »

Treasury decries Lords report and rejects delay for partnership tax reform

The Treasury has said last week’s House of Lords committee report calling for partnership tax changes to be delayed was already out-of-date, and confirmed they would come into force next month as planned.

March 17th, 2014 | No Comments »