5 Articles
5 Articles
Tax fraud: HMRC ramps up dawn raids in crackdown
According to the law firm Pinsent Masons, HMRC carried out an average of 12 property searches each week last year, as the campaign against tax evasion intensified and the government tax body became “increasingly proactive.” In the year ending March 2024, the government tax body carried out 648 dawn raids, up from 623 raids in 2022/23. Steven Porter, head of tax disputes and investigations at Pinsent Masons, said: “It is a very active programme …
Baxendale-Walker given stop notices for tax avoidance schemes
standfirst: Paul Baxendale-Walker has been ordered to stop promoting two tax avoidance schemes with immediate effect by HMRC or face penalties or even prosecution if he fails to complyHMRC has issued a brace of stop notices to Baxendale-Walker ordering him to cease promoting two tax avoidance arrangements. These schemes use remuneration trusts, stop notice 49, and offshore trusts, stop notice 50.The latter involves setting up an offshore trust, …
HMRC issues first individual tax avoidance Stop Notices to former solicitor Paul Baxendale-Walker
HM Revenue & Customs has issued its first tax avoidance Stop Notices to an individual, ordering Paul Baxendale-Walker, a struck-off solicitor and former barrister, to cease promoting two schemes deemed abusive and artificial by the tax authority. In a landmark move, HMRC confirmed that these Stop Notices mark the first time the orders have been issued to an individual rather than a company, underscoring the government’s intent to clamp down on t…
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