Archive for the 'tax evasion' Category

Mobilx Ltd ( in administration) v Revenue and Customs Commissioners; Blue Sphere Global Ltd v Same; Calltel Telecom Ltd and another v Same – WLR Daily

Mobilx Ltd ( in administration) v Revenue and Customs Commissioners; Blue Sphere Global Ltd v Same; Calltel Telecom Ltd and another v Same [2010] EWCA Civ 517; [2010] WLR (D) 124

“Where a trader had means of knowing that by his purchase he was participating in a transaction connected with fraudulent evasion of VAT he lost his right to deduct input tax but only when he knew or should have known that the transaction was connected to fraud. To lose his entitlement it was not sufficient that the taxpayer knew or should have known that it was more likely than not that his purchase was connected to fraud.”

WLR Daily, 14th May 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Megtian Ltd (in administration) v Revenue and Customs Commissioners – WLR Daily

Megtian Ltd (in administration) v Revenue and Customs Commissioners [2010] EWHC 18 (Ch); [2010] WLR (D) 3

“The phrase ‘knew or ought to have known’ when applied for the purpose of identifying the state of a mind of a person who had participated in a transaction which was in fact connected with a fraud encompassed two different states of mind. A person who knew that a transaction was connected with fraudulent tax evasion was a participant in that fraud and had a dishonest state of mind; by contrast, a person who merely ought to have known of the relevant connection was not dishonest, but had a state of mind broadly equivalent to negligence.”

WLR Daily, 19th January 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Organised crime groups one step ahead of police, Home Office admits – The Times

“Tax investigations of the kind used to convict Al Capone are to be used to tackle the 30,000 organised criminals who cost the UK up to £40 billion a year.”

Full story

The Times, 13th July 2009

Source: www.timesonline.co.uk

Football is ‘vulnerable’ to money laundering, but no names named – The Guardian

“Today’s report by the Financial Action Task Force raises the spectre, in calm, plain language, that football is vulnerable to criminals, who might take over beloved local clubs or use the transfer system to launder dirty money or evade tax.”

Full story

The Guardian, 1st July 2009

Source: www.guardian.co.uk

Jersey agrees to pass tax evasion data to UK – The Guardian

“Terry Le Sueur, chief minister of the Channel islands tax haven of Jersey, is due in London today to sign a novel agreement which will share information about offshore tax dodging.”

Full story

The Guardian, 10th March 2009

Source: www.guardian.co.uk

MPs condemn failure to prosecute rich tax dodgers – The Guardian

“The black economy is normally associated with dodgy builders or painters and decorators. But white collar professionals are increasingly fiddling taxes, according to an MPs’ report today that discloses that 36 barristers have been forced to return £605,000 to tax authorities. Hundreds of thousands of pounds have been recovered from lawyers, surgeons, medical consultants, and landlords under private deals with the tax authorities.”

Full story

The Guardian, 9th December 2008

Source: www.guardian.co.uk

Middle-class criminals cost millions in taxes – Daily Telegraph

“How many of us pay for work in cash, knowing we’ll get a cheaper deal – and that the worker won’t be paying VAT? David Harrison reports on a white-collar crime that costs the Treasury millions.”

Full story

Daily Telegraph, 24th February 2008

Source: www.telegraph.co.uk


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