The Big Tax Debate – Ricky Steedman on the panel at the Edinburgh University “Bollocks to Poverty Society” Big Tax Debate, 7th November 2012, The Teviot Dining Room.
I was asked to join the panel in this student debate on
Taxation
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Taxation Posts
HMRC’s estimated tax gap for 2011/2012 has been stated as being £32 billion, up £1 billion from the previous year.
The tax gap is defined as the amount of tax that is due to the government that is not paid.
The taxpayer has saved around £200 million after tax avoidance schemes were shut down in court. The first case involved a Howard Schofield concerning capital gains on a £10 million gain in 2003/2004.
Schofield entered into a scheme that contrived
Wealthy people who use aggressive tax avoidance schemes will be “named and shamed” under plans by Treasury Minister David Gauke.
Companies that set up complicated tax schemes for clients could be fined if they fail to reveal those who are
HMRC acted in an “unconscionable manner” when dealing with a recent late Self Assessment filing penalty, according to Judge Geraint Jones QC.
In the case of Kathleen Lomas v HMRC, Lomas was sent a paper tax return, which she retuned
Taxpayers will no longer have underpayments written off for the reason that they had no reasonable way of knowing they had paid too little tax.
Last year 41,766 people had £54 million of underpaid National Insurance and Income Tax written
Creative industries are to be given tax reliefs, the Treasury has announced.
It is hoped that this will make the UK more of a competitive location for the production of animation, video games and high budget television shows.
Currently, it
HMRC stated today they would vote against the Glasgow Club’s Company Voluntary Arrangement.
Creditors of Rangers are due to meet on Thursday morning to vote on whether to accept an offer from the club to pay off part of their
HMRC is expanding its compliance programme by announcing a new taskforces that will investigate evasion in sectors and geographical areas. HMRC is expanding its compliance programme by announcing a new taskforces that will investigate evasion in sectors and geographical areas.
Wrong tax – around 5 million people have either paid too much or too little tax, it has been revealed.
Approximately 3.5 million people will be notified they have overpaid their tax, with the average rebate being £379.
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