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HMRC aims to recover £612 million in underpaid tax relating to R&D tax reliefs

According to accountancy and business advisory firm BDO LLP, Her Majesty’s Revenue and Customs (HMRC) has estimated that businesses have incorrectly claimed £612 million in relation to R&D tax reliefs*. The high level of tax under dispute – described by HMRC as ‘tax...
Posted On 08 Nov 2019
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Finalists announced for inaugural Tackling Economic Crime Awards

The finalists in the inaugural Tackling Economic Crime Awards (TECAs) have been announced. Recognising the valuable contribution in tackling all areas of economic crime, the TECAs showcase the very best companies, individuals and initiatives that the sector has to offer and...
Posted On 03 Oct 2019
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Mitie selected to provide technology-led nationwide security services for HMRC

Mitie has been chosen to provide technology-led security services to Her Majesty’s Revenue and Customs (HMRC). Covering a five-year period, the contract marks the first time that HMRC has combined all of its security services under one national provider. The move to a single...
Posted On 23 Sep 2019
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“Businesses face HMRC crackdown on money laundering” warns DSR Tax Claims

Those companies required to adhere to strict anti-money laundering (AML) regulations have been advised to check their procedures and improve where necessary after HMRC handed down its largest fine to date to a London money services business for failures in its anti-money...
Posted On 10 Sep 2019
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Revenues burgeon by impressive 10.9% at risk advisory business Deloitte

Risk advisory business Deloitte in the UK and Switzerland has increased revenues by an impressive 10.9% in the year ended 31 May 2019 from £3.58 billion in 2018 to £3.97 billion as the firm continues to invest in each of its businesses and in its people.  Richard Houston, UK and...
Posted On 29 Aug 2019
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Cyber association recognised by HMRC as Approved Professional Organisation

(ISC)2 – the world’s largest non-profit membership association of certified cyber security professionals –  has been granted Approved Professional Organisations and Learned Societies status by Her Majesty’s Revenue & Customs (HMRC), the UK’s tax, payments and customs...
Posted On 31 Jul 2019
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SIA and HMRC join forces to crack down on exploitation of security workers

Last week, from 10-12 July, the Security Industry Authority (SIA) and HMRC carried out joint operations in London, Cardiff and Newcastle to identify illegal working practices and tax fraud in the private security industry. Teams attended 65 venues and spoke to over 100 security...
Posted On 17 Jul 2019
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Cyber strategy update from NCSC details how UK intelligence thwarts attacks

A scam designed to defraud thousands of UK citizens using a fake e-mail address spoofing a UK airport was one of a wide range of cyber attacks successfully prevented by the National Cyber Security Centre (NCSC), a new report has revealed. That criminal campaign is just one Case...
Posted On 17 Jul 2019
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New defensive controls prevent phone fraudsters spoofing HMRC numbers

New defensive controls deployed by Her Majesty’s Revenue and Customs (HMRC) have put an end to fraudsters spoofing the tax authority’s most recognisable helpline numbers. Fraudsters have increasingly mimicked legitimate HMRC Helpline numbers (often beginning with 0300) in a...
Posted On 06 Jun 2019
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BSIA Briefing

The security industry has come a long way from its historical roots and is now focusing heavily on new technology, updated skills, vetting and standards as well as changing perceptions of what the sector actually entails. Mike Reddington discusses the work of the British Security...
Posted On 05 Jun 2019