Business and Tax News - Accelerated Payments

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September 15th 2019
Tax Week 24
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ACCELERATED PAYMENTS - NEWS

Tax Avoidance Schemes Advance HMRC Two Billion Pounds

PERSONAL TAX

Tax Avoidance Schemes Advance HMRC Two Billion Pounds

New rules from 2014 allow Taxman to issue Accelerated Payment Notices to collect tax whilst disputed tax schemes are investigated.
Upfront Payments For Tax Avoidance Schemes Net Over A Billion

PERSONAL TAX

Upfront Payments For Tax Avoidance Schemes Net Over A Billion

The controversial accelerated payments scheme hits 64,000 this year
HMRC rakes in cash from new powers to scrutinise tax schemes

PERSONAL TAX

HMRC rakes in cash from new powers to scrutinise tax schemes

32 million pounds taken so far from Accelerated Payment powers where tax avoidance schemes pay upfront
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