The man in his late 60s, who took his own life late last year, feared he would go to prison if he had not repaid the huge sum before Government changes were enforced. The regulatory changes from the UK's tax authority effectively comes into force on April 12 is aimed at tackling a type of employment tax avoidance which is often called "disguised remuneration". Those using the scheme can spread their tax bill instead of facing one large bill at the end of the year. … [Read more...] about Grandfather killed himself over stigma of £50,000 tax bill from HMRC, say relatives
HM Revenue and Customs (HMRC) clarified their plans for Child Benefit after a report fuelled speculation the welfare could be abolished “in the coming years”. The report from think tank Resolution Foundation claimed Child Benefit had fallen to a 40-year low, and went on to suggest it could be subsumed into Universal Credit. The analysis blamed “a decade of caps, freezes and restrictions” for seeing the value of the benefit for some families falling by around £210 a year since 2011/2012. This rises to £350 for two children, the report claims. … [Read more...] about Universal Credit and Child Benefit merger: HMRC update on latest welfare plan
Police in Ahmedabad confirmed they have arrested gang leader Krishna Borah and two so-called ‘closers’, who reporters filmed tormenting British victims into handing over money online – and boasting about their tricks. One victim was Jane Ripley, who was forced to borrow thousands of pounds from a friend after being threatened with jail by the scammers last September. … [Read more...] about Reports of tax conmen soar by 10 per cent after Mail exposé
He added: “These are the latest examples of failed tax deferral schemes that were mis-sold on an epic scale. We are working with our partners at CFS Capital to secure significant funding in order to sue a number of other high street banks that provided financing and gave credibility to these types of investment. … [Read more...] about Santander and Barclays face legal action over alleged multibillion pound tax dodge
He declined to reveal precisely how she would be disciplined, but said Labour procedures required MPs to behave in a "respectful" way towards colleagues and not to "bring the party into disrepute". … [Read more...] about Who is Margaret Hodge, did the Labour MP swear at Jeremy Corbyn and what is the anti-Semitism row about?
More from Libya Libya: At least 25 killed as forces 'seize control of Tripoli international airport' World leaders call for peace as fighting in Libya intensifies Libya: Who is the man behind the new insurgency threatening Tripoli? Libya: General Haftar orders forces to take Tripoli as crisis escalates Gadaffi supporters among 400 escaped prisoners in Libya 1,600 migrants dead or missing in attempt to reach Europe, UNHCR report claims … [Read more...] about Taxman ‘could be profiting from frozen Libyan assets’, MPs say