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 under consideration’…
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Tax
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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…
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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 individuals will go to in order…
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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, estimating the market…
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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 McKay, 46, from…