DTE Corporate Finance Provides Advisory Services to...
We are pleased to share that our Corporate Finance team have provided buy side advisory services to the Canadian Private…Read More
For an up-to-date summary please visit our budget updates page.
As part of the Summer Budget 2015, George Osborne announced plans to provide HMRC with further investment of £750m.
What does this mean?
The Chancellor made a clear statement of intent. The money will be used to tackle tax avoidance and evasion, with offshore trusts and other structures coming under the spotlight.
The government also aims to widen the scope of its anti-avoidance role to enable them to name avoiders involved with failed schemes as well as repeat offenders.
What can we expect?
Alan McCann, Head of Tax Dispute Resolution at accountancy firm DTE Group says:
“We’ve known for some time now that the government will throw their weight behind HMRC in terms of dealing with tax avoidance. The Chancellor couldn’t have been any clearer in his Summer Budget 2015 speech that he means business. Whilst other government agencies appear to have had significant cuts, the fact that HMRC will receive further funding of £750m during this Parliament means that no one will be far from scrutiny. We can expect to see a further rise in the number of HMRC enquiries into taxpayers’ affairs.”
Next steps
If you’re concerned about an of the issues raised in the summer Budget or need specialist tax advice, please contact us on 0161 767 1200.
We are pleased to share that our Corporate Finance team have provided buy side advisory services to the Canadian Private…Read More
As confirmed late last year, the government has accepted the Low Pay Commission’s (LPC) recommendations on the raising of both…Read More
We are delighted to have strengthened our management team with the promotion of Jake Noble to audit manager. It’s certainly…Read More