Information sharing Archives | Taxfile https://www.taxfile.co.uk/category/information-sharing/ Tax advice & accounting services for South London businesses & SMEs Sun, 31 Oct 2021 20:40:18 +0000 en-GB hourly 1 Hosts renting out rooms to be targeted by HMRC https://www.taxfile.co.uk/2015/09/hosts-renting-out-rooms-targeted-by-hmrc/ Wed, 23 Sep 2015 18:52:38 +0000 http://www.taxfile.co.uk/?p=1521 Hosts who rent out a spare room could soon see themselves being straddled with an unexpected tax bill if companies like ‘Airbnb’ are forced to share data with UK authorities. Airbnb, the website that allows you to list, find or rent a room in a private residence, has announced that it now has to share […]

The post Hosts renting out rooms to be targeted by HMRC appeared first on Taxfile.

]]> HMRC’s fight against tax avoidance is bearing fruit https://www.taxfile.co.uk/2014/01/tax-avoidance-fight-bears-fruit/ Wed, 15 Jan 2014 14:04:09 +0000 http://www.taxfile.co.uk/blog/?p=625 HMRC has reported that it raised an extra £20.7 billion in additional revenue during the financial year 2012-13, a result of its continued push on tax compliance and anti-avoidance measures. That’s an increase of £2.1 billion on the preceding year and is actually £2 billion above its original target. This information comes hot on the […]

The post HMRC’s fight against tax avoidance is bearing fruit appeared first on Taxfile.

]]> Assets hidden offshore? Not for long! https://www.taxfile.co.uk/2013/11/offshore-assets/ Sun, 17 Nov 2013 17:33:00 +0000 http://www.taxfile.co.uk/blog/?p=584 Financial information sharing now reaches the Cayman Islands, Isle of Man, Jersey and Guernsey. On November 5th, Her Majesty’s Revenue & Customs (‘HMRC’) announced that the Cayman Islands had joined the ever-growing list of offshore territories which will now automatically share financial information with them in respect to UK taxpayers who may have accounts there. […]

The post Assets hidden offshore? Not for long! appeared first on Taxfile.

]]>