tax

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

Former tax boss Andrew Meeson and his business associates pocketed £5m in a "very simple and very lucrative scam" by claiming tax relief on fictitious pension contributions, a court heard.

Her Majesty's Revenue and Customs (HMRC) is publishing the photographs of more than 30 of last year's biggest tax cheats as part of a tax evasion campaign.

Wegelin, Switzerland's oldest private bank, is to close permanently after pleading guilty to helping US citizens pay taxes on money held in offshore accounts.

HMRC has released further guidance on the UK's plans to implement the FATCA tax regime, which begins next year.

The taxman is investigating a "serious fraud" which allegedly involves Gordon Ramsay's restaurant business.

GOSLING'S GROUSE

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

The higher rate tax threshold will go up by 1% in 2014, the Chancellor said today.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.