Monday 7 November 2016

One in three of Britain's richest people being investigated for unpaid taxes

ICAEW: HMRC is currently investigating some of the richest people in Britain over nearly £2bn worth of potentially unpaid taxes.  According to the National Audit Office (NAO), the Revenue is conducting “formal enquiries” on a third of the UK's high net worth taxpayers – those with wealth of more than £20m.

Full story: http://economia.icaew.com/news/november-2016/one-in-three-of-britains-richest-investigated-for-unpaid-taxes-hmrc-national-audit-office

Professional bodies publish updated code in relation to tax advice

STEP: The leading UK accountancy and tax bodies have published updated guidance on the standards expected of tax advisors and agents regarding tax advice.

Full story: http://www.step.org/news/professional-bodies-publish-updated-code-relation-tax-advice