average tax uk

Well not quite, but the tax man has had a long runing dispute with Mr Gaines-Cooper who thought he followed HMRC guidelines (IR 20) and as such was an X resident for tax purposes having bought a home in Sri Lanka. However the tax man has recently challenged his status applying other factors regading his lifestyle. Although Mr Gaines-Cooper did buy a property abroad and stated this was his home he still retainned property and his family in the UK. So how reliable are the Tax Mans rules in this... Read more

ifaonline A report by anti-poverty charity ActionAid revealed that a quarter of the UK's top 100 companies have offshore subsidiaries and has called for an end to tax haven secrecy. ifaonline Her Majesty's Revenue and Customs (HMRC) has warned UK residents and organisations with Swiss bank accounts to declare any outstanding tax before it begins investigations. ifaonline Today's tax deal between the UK and Switzerland, designed to recoup £7bn from Brits with funds in Swiss bank accounts, is ?unrealistic', according to accountants Baker Tilly.