Investigations

R v Pershad, Court of Appeal

Dr K Long (TC3339)

HMRC are to have new powers that make it easier for the department to prosecute people who hide money offshore.

The introduction of the offence of failing to declare taxable offshore income will mean any person with undeclared foreign income can face criminal action, even if they did not intend to evade taxes.

The Revenue currently must demonstrate intent, but the change of law will require the department to show only that income was undeclared and taxable and undeclared.

HMRC’s has launched its latest anti-evasion campaign, targeting workers with second incomes.

The department is offering a disclosure opportunity to employees who are resident in the UK and have additional income from self-employment, which the tax authority suggests could include:

The chancellor’s claim to have axed the need for a pension annuity is unimpressive – and familiar

Informing on an ex-spouse is not a good idea

Closing days of the court case of the accountant charged with cheating the public revenue

One adviser’s tale of helping a wayward driving instructor with outstanding liabilities

No understatement: H and I Newell (t/a Tanya’s Takeaway) (TC3120)

Sanderson v CRC, Upper Tribunal (Tax and Chancery Chamber)

The taxman’s powers to withhold repayments

M Lewis (TC3102)