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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
Syedur Rahman
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Free Ports and Brexit: Examining the Money Laundering Risk

New Prime Minister Boris Johnson has talked of the possible value of free ports to a post-Brexit UK, but Syedur Rahman warns that concerns about money laundering and other financial crime must be considered. Boris Johnson’s “do or die’’ approach towards taking Britain out of the...
Posted On 28 Aug 2019
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Top Ten prosecutions of 2018 outlined by Her Majesty’s Revenue and Customs

Smugglers, potential arms dealers and globe-trotting tax fugitives all feature in Her Majesty’s Revenue and Customs’ (HMRC) Top Ten criminal cases of 2018. The list once again demonstrates HMRC’s relentless pursuit of tax criminals and shows the lengths some...
Posted On 02 Jan 2019
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PwC establishes team of drone specialists with keen focus on national security issues

PwC has established a team of drone specialists in the UK to help clients take advantage of this emerging technology and extract value from drone data. PwC’s ‘Clarity From Above’ report found that drones have the potential to disrupt a variety of industries,...
Posted On 08 Jan 2018
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Director of Aberdeen security company IPPS Ltd sentenced to four years in prison

The director of an Aberdeen-based security company, who was convicted of stealing more than £419,000 VAT and removing criminal property from Scotland after he was investigated by Her Majesty’s Revenue and Customs (HMRC), has been sentenced to four years in prison. Kevin...
Posted On 10 Mar 2017