OFFSHORE EVASION OFFENCE GIVEN SAFEGUARDS
This should ensure that people who make errors over relatively small sums of tax do not get caught by the offence which, for now, will apply just to income tax and capital gains tax
But the Chartered Institute of Taxation (CIOT), which called for safeguards earlier this year, says its main concern on behalf of taxpayers still stands
A taxpayer may fall within the ambit of the offence without any intention or knowledge on their part
The same document states that the offence will be triggered in three ways - failing to notify HMRC of chargeability of tax; failing to file a return and filing an inaccurate return
UK GOVERNMENT FACES LEGAL CHALLENGE TO LOCKDOWN FROM BUSINESSMAN
UK government faces legal challenge to lockdown from businessman Simon Dolan says he intends to issue proceedings for judicial review unless some measures are reversed The government is facing a chall ...
TAYLOR WIMPEY TO LOAN SELF-EMPLOYED £600 A MONTH
Taylor Wimpey to loan self-employed £600 a month Taylor Wimpey has opened a £5m hardship fund for self-employed trades to tide them over while they wait to be paid through the Government ...
CAPT TOM MOORE RAISES 12M FOR NHS
Capt Tom Moore, a veteran of the Second World War, has raised more than £12m after completing 100 laps of his garden ahead of his 100th birthday. Soldiers from 1st Battalion The Yorkshire Regime ...
CORONA DAILY RATE OF GROWTH SLOWED FOR THE SECOND CONSECUTIVE DAY
The UK coronavirus death toll has risen past 5,000, but the daily rate of growth slowed for the second consecutive day. A total of 5,373 have now died after a further 439 deaths were recorded, the Dep ...
UK CONSTRUCTION SECTOR HAS WORST MONTH SINCE 2009 AMID CORONAVIRUS LOCKDOWN
UK construction sector output plunged at the fastest rate since the financial crisis in March as coronavirus containment measures shut down sites and caused new orders to slump, survey data has shown. ...
LOAN CHARGE APPG PUBLISH REPORT THAT EXPOSES FUNDAMENTAL FLAW IN MORSE REVIEW ON THE LOAN CHARGE
Loan Charge APPG publish report that exposes fundamental flaw in Morse Review on the Loan ChargeThe All-Party Parliamentary Group on the Loan Charge have today published a comprehensive report&nb ...