Limited company contractors warned HMRC arrests are 'just the start'

Limited company contractors have been warned, along with other taxpayers, that recent arrests are "just the start" of a crackdown by HM Revenue & Customs (HMRC).It comes after recent campaigns led to the arrest of five plumbers for incorrect or non tax payments and a further 600 investigations launched.The comments could inspire a number of enterprises to seek help with their bookkeeping from a specialist accountancy service.John Pointing, assistant director of HMRC Criminal Investigation, added: "We provided a chance for those we have arrested...

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Five arrested as HMRC cracks down on tax evasion among plumbers

The plumbers amnesty (Plumber’s Tax Safe Plan or PTSP) that HM Revenue & Customs (HMRC) launched in March, was criticised as being a ‘damp squib’ at the time after a low take-up with many plumbers unconvinced that HMRC had any information about any undisclosed earnings. HMRC has hit back with news that it has arrested five plumbers on suspicion of tax evasion.On top of the arrests, 600 civil investigations have been launched into those who failed to register to disclose any irregularities under the favourable terms of the PTSP and HMRC has...

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Pension fund stops payments to dead

DEBT-RIDDEN Greece's biggest pension fund has stopped payments to 1473 pensioners over the age of 90 after finding out they are no longer alive.The state-run Social Security Fund also says it will sue people who were illegally pocketing such pensions and try to recoup 1.9 million euros ($2.66 million) that has been paid into the accounts of the deceased.Todayy's announcement follows a continuing fraud investigation after officials found that some 9000 Greeks aged over 100 are receiving pensions. The latest census, in 2001, listed fewer than 1700...

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Former UBS AG (UBS) banker Gian Gisler was indicted on charges that he conspired to help at least 38 U.S. clients use Swiss banks to hide more than $215 million from the Internal Revenue Service.

Former UBS AG (UBS) banker Gian Gisler was indicted on charges that he conspired to help at least 38 U.S. clients use Swiss banks to hide more than $215 million from the Internal Revenue Service.Gisler, 45, aided clients using sham entities to hide assets in undeclared accounts, including one valued at $43.3 million, another worth $42.7 million and a third with $19.7 million, according to an indictment in federal court in Manhattan.“From the mid-1990s through at least 2010, Gisler allegedly conspired with various U.S. taxpayers and others to ensure...

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