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Evasion

Expert commentary and practical guidance from ICAEW related to tax evasion and ensuring compliance with UK tax regime.

In this section

Features and articles

Taxation of housing

Lindsey Wicks summarises a study and recommendations from the Organisation for Economic Co-operation and Development, including lowering transaction taxes, capping main residence exemption and mortgage interest relief, and reassessing rental income

ICAEW technical round-up: July 2022

This month’s top technical stories include an HMRC investigation on suspected R&D tax relief fraud; summaries of the various tax measures announced in the Draft Finance Bill 2022-2023 and support on the extension of trust registrations.

ICAEW technical round-up: June 2022

This month’s top technical stories include a decrease in the UK’s estimated tax gap, delay to implementation of the global minimum tax rate and HMRC clarification on R&D tax credit compliance checks.

Webinars and recordings

Bloomsbury Core Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Serial tax avoiders

A chapter on HMRC powers in relation to serial tax avoiders.

Disclosure of tax avoidance schemes

A chapter on HMRC powers in relation to disclosure of tax avoidance schemes (DOTAS) rules.

Guide to taxpayers’ rights and HMRC powers

Guide to the growing breadth of HMRC powers and the increasingly complex penalty regime for non-compliance.

Penalties

A chapter on HMRC powers in relation to tax penalties.

Tax planning versus tax avoidance

Expert commentary on how to draw a line between tax planning, tax avoidance and illegal tax evasion, in relation to capital gains tax.

Self-assessment

A full chapter providing practical guidance on company tax returns and dealing with HMRC.

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Taxes evaded, avoided and reformed

An overview of tax evasion and avoidance methods in the UK, with reference to some high-profile tax tribunal cases where legal avoidance schemes were been exploited in ways not originally intended by the government or HM Revenue & Customs. The author also suggests some tax reforms that might lead to a 'fairer' system.

Self-assessment of enquiries, discovery assessments and investigations

Outlines the difference between HMRC enquiries under self-assessment and discovery assessments. The chapter also address settlements, penalties and criminal proceedings and lists the main criminal offences related to tax.

Anti-avoidance

HMRC has recently taken a more aggressive stance on tax avoidance schemes, even though the schemes do not conflict with the letter of the law. This has taken the form of a general anti-avoidance rule (GAAR), regulations on transfer pricing, disclosure stipulations and stiffer penalties for non-compliance.

Tax havens today: the benefits and pitfalls of banking and investing offshore

How to reduce taxes by moving your business offshore.

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ICAEW REP 85/21 Promoters of tax avoidance schemes

Draft legislation aimed at tackling promoters of tax avoidance schemes includes subjective terms and tests which are open to interpretation, says ICAEW in its response to HMRC's consultation. The terms should be amended or HMRC guidance created outlining its interpretation to avoid confusion.

ICAEW REP 66/21 Timely payment

In responding to HMRC's call for evidence on timely payment, ICAEW argues that earlier payment of income and corporation tax should not be considered until the economy has recovered and that earlier payment should not be based on in-year estimates without HMRC first demonstrating that they can be a reliable basis for earlier payment.

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