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Latest Finance News related to Inland Revenue

Nick Candy accused of being secret partner in brother's property group image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:12 PM
....”. But Christian Candy admitted that if his brother was a co-owner of the group then “I believe money would be owed to the Inland Revenue”. ...
HMRC chief was partner at law firm that acted for Cameron offshore fund image
....While working in the City, Troup led the opposition to reforms put forward by Gordon Brown to curb corporate tax avoidance in 1999, putting out a press release headed: “City lawyers call on government to withdraw proposals to tackle tax avoidance. ” He criticised the proposed laws for giving “wide-reaching” powers to the Inland Revenue. ...
Cameron had stake in father's trust image
Source : BBC [Read Article] Thursday 7th of April 2016 06:39:39 PM
.... It was set up after exchange controls went, so that people who wanted to invest in dollar denominated shares and companies could do so, and there are many other, thousands of other unit trusts set up in this way," he said. Mr Cameron said the fund was "properly audited" and reported to the Inland Revenue every year. ...
In this budget George Osborne has no room to make any mistakes | Andrew Rawnsley image
....Being famous – or perhaps that should be infamous – as a consummate Westminster operator has also been a curse to this chancellor. The reputation has particularly backfired on him when he has made a mess of the politics, as he did when the supposed grand master of strategy came to grief over tax credits and, more recently, when he celebrated the Inland Revenue’s tax settlement with Google and then found everyone else deriding it as a sweetheart deal. ...
Stunning demise of United Airlines' Jeffery Smisek – just deserts or sacrificial lamb? image
.... What was once its crown jewel is looking more and more like paste as concerns over growth at the online Chinese retail giant have seen the value of Yahoo’s stake plummet. Now the Inland Revenue Service has gone and stuck its oar in and decided that Yahoo might have to pay some tax on its profit when the stake is spun off. ...
La Liga looks beyond Messi and Ronaldo image
Source : BBC [Read Article] Tuesday 8th of September 2015 11:00:01 PM
.... . In their first year of operation, debt to Spain's Inland Revenue had been reduced by 14%. ...
Yanis Varoufakis faces criminal prosecution over clandestine 'Plan B' currency plot image
.... Nevertheless, the airing of a private audio recording has caused a fresh political storm in the country. Brussels has been forced to deny accusations it controls Greece's public revenues body, the equivalent of Britain's Inland Revenue. ...
Varoufakis reveals cloak and dagger 'Plan B' for Greece, awaits treason charges  image
.... Mr Varoufakis claimed the cloak and dagger methods were necessary since the Troika had taken charge of the public revenue office within the finance ministry. "It’s like the Inland Revenue in the UK being controlled by Brussels. ...
Swiss banks agree US settlement image
Source : BBC [Read Article] Thursday 9th of July 2015 05:03:59 PM
....Since August 2008, Arvest Privatbank has had 52 US-related accounts which the department felt were used to dodge taxes. The Justice Department and Inland Revenue Service (IRS) said information provided by the two banks would help in future investigations. ...
Questor share tip: JLIF offers 5.4pc inflation linked dividend image
Source : Telegraph [Read Article] Monday 11th of May 2015 03:40:37 PM
.... . Note: For tax purposes the source for dividends is the Channel Islands, meaning it is considered as an overseas investment by the Inland Revenue and may require a longer-form tax return. ...
Miliband's abolition: Many have tried to close non-dom loophole – all have failed image
.... Speaking on the BBC’s Today programme on Wednesday, Paul drew a strong link between political donations and the decision of successive governments to retain the tax break, saying the system was open to “corruption”. As early as 1988, the Inland Revenue consulted on how non-dom tax perks might be swept away. ...
Former Morrisons treasurer jailed for insider trading image
Source : Telegraph [Read Article] Tuesday 3rd of March 2015 03:49:38 PM
.... . Mr Coyle is a father of four and a former Inland Revenue inspector. ...
Spanish tax authorities inspect Twitter to find potential tax dodgers image
Source : Independent [Read Article] Friday 20th of February 2015 04:56:57 PM
....Spain’s main tax collecting body has used social media to spy on people it believes may be guilty of financial fraud, and the operation continues to expand. The country’s Inland Revenue agency has reportedly used sites such as Twitter to trace the activities of individuals they believe may be involved in tax evasion, thelocal. ...
A society without cash is a society in trouble image
Source : Telegraph [Read Article] Monday 9th of February 2015 07:05:14 PM
.... It’s the kind of thing that criminals carry around in suitcases for the purposes of money-laundering. If someone asks me for cash-in-hand, I think I should give the Inland Revenue a call. ...
HSBC scandal: Philip Green's friends distance billionaire from Swiss bank investigation image
....The paper reported Caring, who has non-dom tax status in the UK, had more than £100 million in an HSBC offshore account, part of which he used to garner profits from his “anonymous” 22 per cent stake in Green’s BHS. In  a statement last night, Mr Caring said: “I would like to make it very clear that I have complied with all my obligations as far as the Inland Revenue is concerned. ...
Gambian diplomats guilty of tobacco fraud image
Source : BBC [Read Article] Monday 8th of December 2014 04:36:49 PM
....The trial was held at Southwark Crown Court in London. Bojang, first secretary Gaston Sambou, welfare officer Georgina Gomez and finance attache Ebrima John, who all had diplomatic privileges, along with Veerahia Ramarajaha, Audrey Leeward and Hasaintu Noah, were found guilty of conspiracy to cheat the Inland Revenue . ...
Hayley Mills: 'Dad helped me avoid seventies super tax' image
Source : Telegraph [Read Article] Sunday 9th of November 2014 08:07:52 AM
.... When I was 21, I attended a meeting at my trustee’s office in London. The old head of the firm, who wore pince nez spectacles, striped trousers and a blacktail coat, pushed this letter across the green baize tablecloth from the Inland Revenue demanding tax on three quarters of all my income stretching back to when I was 12. ...
David Cameron to challenge EU’s demand for extra £1.7bn image
Source : Independent [Read Article] Thursday 23rd of October 2014 09:38:23 PM
.... According to preliminary calculations, Germany, France and Poland will all receive rebates. Patrizio Fiorilli, a Commission spokesman, said: “Britain's contribution reflects an increase in wealth, just as in Britain you pay more to the Inland Revenue if your earnings go up. ...
Sir Robin Ibbs obituary image
Source : Guardian [Read Article] Sunday 3rd of August 2014 05:21:15 PM
.... His 1988 Next Steps report, which took just 90 working days to complete and cost £50,000, has been described as the most far-reaching change to the civil service since the reforms of the 1870s. In essence it sought to detach the operations of services from the formulation of policy and led to the hiving off of departmental responsibilities to what have now become a plethora of quasi-independent bodies from the Inland Revenue to Jobcentre Plus, the Prison Service or the Passport Office. ...
Most forms of legal tax avoidance are ok, says Nigel Farage image
Source : Guardian [Read Article] Wednesday 4th of June 2014 06:13:32 PM
...."This firm of accountants did a lot of business with City brokerage companies and was recommended to me," he told the newspaper. "No one voluntarily pays any additional income to the Inland Revenue. ...
Thomas Piketty's real challenge was to the FT's Rolex types image
Source : Guardian [Read Article] Monday 26th of May 2014 07:00:00 PM
.... There are only inheritance tax returns on estates big enough to pay it. The old Inland Revenue figures for UK wealth were so wonky that they abandoned efforts to calculate them: but in their last attempt (2005) they said that on top of £3. ...
AstraZeneca takeover: MPs 'barking up the wrong tree' on Pfizer bid image
Source : Independent [Read Article] Saturday 17th of May 2014 11:00:00 PM
....Ian Read was interrogated by two powerful committees of MPs over the tax implications should Pfizer successfully take over AstraZeneca for £63bn. However, Mary-Ellen Field, who has been an expert witness for the Australian Tax Office and the Inland Revenue Service (IRS) in the US, said yesterday that MPs should instead have focused on Pfizer's plans for intellectual property rather than the group's tax base. ...
City Diary: It's a dog's life at new-look Royal London image
Source : Telegraph [Read Article] Tuesday 29th of April 2014 06:00:49 AM
.... ---------------------------------------------------------------- . Reports that the Inland Revenue allegedly did a secret deal with Bernie Ecclestone, the Formula 1 tycoon, to help him avoid £1. ...

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