Tag Results
Tax avoidance sanctions proposals “threaten rule of law”
Thursday, 18 August 2016The government’s proposals to clamp down on tax avoidance by targeting advisers with sanctions if HMRC successfully challenges a scheme blur the line between evasion and avoidance, and “threaten the rule of law”, according to a prominent tax lawyer.
Tags: HMRC
Posted in Latest news, Regulation
HMRC gives solicitors a week to ‘pay up or else’
Wednesday, 3 June 2015HM Revenue & Customs has given solicitors a week to pay the tax they owe on undeclared income or “face hefty penalties” of 100% on the unpaid tax and the risk of a criminal investigation.
Tags: HMRC, Solicitors, tax
Posted in Finance, Latest news, Practice Management
Bankrupt barrister subject to five-year restrictions order
Thursday, 19 March 2015A barrister from Essex has been given a five-year bankruptcy restrictions order for neglecting his business affairs. Such an order is made on application to the court if the Official Receiver considers that the conduct of a bankrupt has been blameworthy in some other way.
Tags: Barristers, HMRC
Posted in Barristers, Latest news, Regulation
Third law firm fined for involvement in SDLT avoidance scheme
Friday, 23 January 2015A third law firm has been fined by the Solicitors Regulation Authority for its involvement in a stamp duty avoidance scheme operated by Inventive Tax Strategies.
Tags: conveyancing, HMRC, Solicitors Regulation Authority
Posted in Latest news, Regulation, Solicitors
“Beyond comprehension” why struggling law firm failed to make HMRC arrangement
Monday, 27 October 2014A tribunal judge has described as “beyond comprehension” the failure of a financially struggling law firm to make special arrangements with HMRC under the ‘time to pay’ scheme.
Tags: financial management, HMRC
Posted in Finance, Latest news
SRA fines firm £2,000 for £2.5m stamp duty avoidance schemes
Friday, 3 October 2014Leading Surrey firm Mundays has been rebuked and fined £2,000 by the Solicitors Regulation Authority for using stamp duty land tax avoidance schemes which saved clients over £2.5m.
Tags: conveyancing, HMRC, Solicitors Regulation Authority, stamp duty land tax
Posted in Latest news, Regulation, Solicitors
On-the-run former solicitor jailed for £1m stamp duty fraud
Tuesday, 30 September 2014A former solicitor who stole almost £1m through stamp duty fraud has been sentenced to ten years in jail. Shameer Sacranie, 40, from Leicester is believed to have fled the country and was sentenced in his absence last week.
Tags: fraud, HMRC, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority, stamp duty
Posted in Latest news, Solicitors
Smaller law firms “face battle to keep junior partners” as HMRC deadline looms
Thursday, 3 July 2014Smaller law firms are struggling to retain their junior partners in advance of tough new capital requirements set out by HM Revenue & Customs in its crackdown on fixed-share partners avoiding PAYE tax, an executive search firm has claimed.
Tags: HMRC, limited liability partnership, LLP, partnership tax reform, tax
Posted in Finance, hrtraining, Latest news
LeO: make conveyancers answer to HMRC for stamp duty failings
Thursday, 8 May 2014The Legal Ombudsman (LeO) has suggested that conveyancers, rather than clients, should answer to HMRC when stamp duty payments fail to arrive.
Tags: complaints, conveyancing, HMRC, Legal Ombudsman, LeO, stamp duty, stamp duty land tax
Posted in Latest news, Legal Ombudsman, Other lawyers, Regulation, Solicitors
Treasury decries Lords report and rejects delay for partnership tax reform
Monday, 17 March 2014The Treasury has said last week’s House of Lords committee report calling for partnership tax changes to be delayed was already out-of-date, and confirmed they would come into force next month as planned.
Tags: HM Treasury, HMRC, partnership tax
Posted in Finance, Latest news