Entries by Ricky Steedman

Tax Gap at £32 Billion

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.

Subway Defeated in VAT Tribunal

Sandwich chain bar Subway has been defeated in a first tier tribunal regarding HMRC’s VAT policy on hot food.

Around 1200 Subway outlets across the UK have been waiting on the verdict of the appeal, which was based upon whether

Safety and Employment Laws to be Relaxed

The reasons for unfair dismissal are to be relaxed at employment tribunals under proposals announced by business secretary Vince Cable.

The Department of Business Innovation and Skills (BIS) are to make a number of proposals to cut back on red

Three Tax Avoidance Schemes Closed Down

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

Tax Avoiders to be Named and Shamed

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