HMRC are reviewing their system of fines
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Pitfalls that can arise for clients offered code of practice 9
HMRC recovered £1.1bn tax from transfer pricing enquiries during 2013/14, double the amount collected the previous year, according to official statistics.
Financial secretary to the Treasury David Gauke claimed the increase was due to the additional funding given to the Revenue “to challenge multinational groups to ensure the rules are followed and the right tax paid”.
The specialist HMRC unit that examines pricing within multinationals has secured a total of £5.8bn in tax since being launched in 2008.
France gives okay to information-share with agencies outside HMRC
M Higgins (TC4259)
Revenue addresses evasion controversy
Audit office praises department’s approach to recommendations
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