UK Tax Loan Scheme for Pilots Still Up in the Air Image

UK Tax Loan Scheme for Pilots Still Up in the Air

Following on from my article on Ryanair and the pilots loan schemes the chairman of the All Party Parliamentary Loan Charge group Jim Harra, has now told campaigners that “tax officials were breaking the rule of law” in sending out tax demands for alleged unpaid tax on payments made under the guise of “loan schemes”. Two of those cases that …

Tax Avoidance Schemes Image

Tax Avoidance Schemes

The revelations that Ryanair pilots have become embroiled in tax avoidance schemes are just the latest in a long line of workers who signed up to be paid part of their salary through loan schemes which allowed them to take home 85% of their pay. IT contractors, doctors, nurses, and even social workers were getting paid via schemes run by offshore …

COP9 Letter HMRC

COP9 Letter from HMRC

Evidence is mounting that HMRC may be planning a new Connect spyware assisted series of enquiries into individuals with large private wealth in the UK. Individuals likely to be identified as tax evaders, are those living in areas with the greatest number of concentrated wealthy people such as Nottingham, Cheshire and Edinburgh. Unlike recent amnesty campaigns this push will see …

Tax Liabilities

A Tax Stuffing

It seems appropriate when we are about to enter the season of over-indulgence to review one’s business practices and perhaps review and minimise the chances of getting a stuffing from the tax authorities this Christmas.