The Court of Appeal found for HMRC in the case of Centrica Overseas Holdings Ltd v HMRC, and this is a significant change to the previously understood treatment of certain expenses of a holding company in relation to disposals of subsidiaries. Centrica had incurred significant costs in taking advice on how to dispose of subsidiary…
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Year: 2021
An article written by one of our team has been published in the latest issue of HMRC Tax Investigations magazine
The article written by one of our Senior Managers – Nigel Brown titled ‘Tax fraud – To prosecute or not to prosecute? That is the question’ has been featured in the February/March issue of HMRC Tax Investigations publication. In case you missed it when it was published on our website in December you can read…
HMRC’s new approach to payroll fraud – Could your clients could be caught out?
A recent experience in an HMRC enquiry provided an introduction to the dark world of payroll fraud. This is not a situation where an employer falsifies PAYE returns to suppress employment income or hide benefits. Instead, the fraud we are looking at in this article has much more to do with organised crime and a…
HMRC looking over the shoulders of foreign entities…
Most readers of this article will be aware of the requirement of the Economic Crime (Transparency & Enforcement) Act 2022 for all overseas entities in England and Wales that have acquired an interest in UK real estate since 1 January 1999 to register details of beneficial ownership at Companies House by 31 January 2023. However,…