HMRC Reveals $1BN Claim Against General Electric

HMRC Reveals $1BN Claim Against General Electric

Britain’s authorities have declared war on one of America’s biggest corporations in an attempt to seize $1billion they allege should have been paid in tax. General Electric, which operates in 180 countries and employs 295,000 staff, is being sued for the...
Off-Payroll IR35 Reforms to Private Sector in April 2020

Off-Payroll IR35 Reforms to Private Sector in April 2020

Hundreds of thousands of private-sector contractors face higher tax and National Insurance (NI) bills from April 2020. The chancellor announced that tighter tax rules for those working in the public sector will be extended to those working for private firms. The...
HMRC Wins 79 Million Pounds Tax Avoidance Case

HMRC Wins 79 Million Pounds Tax Avoidance Case

The HM Revenue and Customs (HMRC) have recently won a major tax avoidance case against two US companies: Cargill and Goldman Sachs. The UK Court of Appeal have ordered the companies to pay back £74 million to the tax agency for taking part in a tax avoidance scheme....
Plans of Early Roll Out of IR35 Reform Criticised

Plans of Early Roll Out of IR35 Reform Criticised

Contractor groups have opposed any plans by the Treasury for early rollout of IR35 reform in the private sector. The controversial IR35 extension to the public sector is expected to be announced in the next budget that is expected to take place on 29 October 2018....