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A time to pay and name and shame

Wednesday, March 17, 2010 | Posted by: Dave Jennings
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HMRC, offshore, Dave Jennings, investigation, penalties, legislation, law, human rights

As the recession started to bite, HM Revenue & Customs (HMRC) relaxed its enforcement of debts for some taxpayers facing cashflow problems. Paying arrears by instalments has helped many businesses but may become even more important as new PAYE penalties for employers start in April 2010…

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Beware the time-travelling taxman

Wednesday, February 24, 2010 | Posted by: Dave Jennings
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HMRC, offshore, Dave Jennings, investigation, penalties, banking, legislation, Switzerland, Swiss, Isle of Man, Robert Huitson, law, UBS, human rights, backdated

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I am not talking about the HM Revenue & Customs’ (HMRC) version of Doctor Who, as scary as that may sound, now comes something even worse. One of the main gripes we often hear from business’ about our tax system is the lack of certainty. Should HMRC, therefore, be authorised to change the law or its interpretations retrospectively, plunging its victims into a costly time warp and sending them singing for their supper?

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