A plumber from Hampshire was recently given a four-month jail sentence, suspended for 12 months, after Southampton Crown Court found him guilty of tax evasion.
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As I’m sure most accountants will be aware, Glasgow Rangers football club has got itself in a spot of bother with HMRC.
Is it possible to out-smart the taxman legally? According to a recent article in the press, yes it is.
Accountants north of the border will no doubt be aware that HMRC began a campaign targeting tax evading Scottish restaurateurs at the end of last year.
Contractor accountants may be interested to learn that a plumber from the West Midlands was recently sentenced to 12 months in jail for tax evasion.
Online accountants may be interested to learn that the Revenue is to hold a Q&A session on Twitter for Internet traders who owe outstanding taxes.
The Chartered Institute of Taxation is the latest body to call for the Government to launch a general disclosure facility for individuals who have been practicing tax evasion.
A recent survey by Crowe Clark Whitehill has discovered that more than 75% of UK accountants favour the idea of a general amnesty for tax evaders.
Online accountants may be surprised to learn that despite HMRC’s efforts to clamp down on tax evasion, it still fell short of its five-year target.
HMRC has decided that a former accountant who was found guilty of tax fraud has to pay back £2,462,175 within 10 months or have an additional eight years added to his prison sentence.