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Tax Avoidance

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About Tax Avoidance


Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar, although unlike tax avoidance tax sheltering is not necessarily legal.

Gabby and Kenny Logan receive damages over false tax avoidance claims

Gabby and Kenny Logan receive damages over false tax avoidance claims
Sep 15,2023 1:41 pm

...By Paul Glynn & Ian YoungsEntertainment reportersTV host Gabby Logan and her husband will receive " substantial" damages after the Mail Online falsely reported they had been paid to promote a Tax Avoidance scheme to celebrity friends...

Premier League clubs avoided £250m in tax, expert estimate

Premier League clubs avoided £250m in tax, expert estimate
Mar 30,2023 2:40 am

... " An HMRC spokesperson added: " Dual representation cannot be assumed to be a Tax Avoidance scheme; its use can be tax compliant...

Gary Lineker wins appeal over £4. 9m tax bill

Gary Lineker wins appeal over £4. 9m tax bill
Mar 28,2023 10:50 am

... " IR35 is designed to clampdown on Tax Avoidance by so-called disguised employees, who charge for their services via limited companies...

Nadhim Zahawi paid penalty as part of HMRC tax dispute

Nadhim Zahawi paid penalty as part of HMRC tax dispute
Jan 22,2023 5:51 pm

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Trump taxes: Supreme Court clears Democrats to see returns

Trump taxes: Supreme Court clears Democrats to see returns
Nov 22,2022 4:40 pm

... In its filing to the Supreme Court, the committee told the justices that current tax policy " does not address what to do regarding a president who, like former President Trump, owned hundreds of business entities, had inordinately complex returns, used aggressive Tax Avoidance strategies and allegedly had ongoing audits"...

Sunak row: Reveal all about ministers' personal tax, says Starmer

Sunak row: Reveal all about ministers' personal tax, says Starmer
Apr 11,2022 5:45 pm

... He also called on the government to reveal whether ministers had held assets in tax havens or been investigated for Tax Avoidance...

Do more to spur investment, firms urge government

Do more to spur investment, firms urge government
Feb 20,2022 8:14 am

... " But Stuart Adam, senior research economist at the IFS, warned last year that the relief could also be open to Tax Avoidance, or even fraud, " as companies essentially try to find ways to dress things up as plant and machinery investment to get this generous deduction"...

Ukraine crisis: How much Russian money is there in the UK?

Ukraine crisis: How much Russian money is there in the UK?
Feb 16,2022 4:01 am

... It exposed hidden wealth, Tax Avoidance and, in some cases, money laundering by some of the world s rich and powerful people...

Gary Lineker wins appeal over £4. 9m tax bill

Nov 11,2021 7:37 am

By Emma SaundersEntertainment reporter

Sports presenter Gary Lineker has won his appeal against HMRC over a £4. 9m tax bill.

The UK tax authority pursued The Star over taxes on income from both The Bbc and Bt Sport from 2013 to 2014 and 2017 to 2018.

Lineker presents BBC's Match of The Day and used to also work for Bt Sport .

HMRC said he was an employee of both broadcasters but a judge has now ruled he was a freelancer and had contracts with both broadcasters.

" The effect of my conclusions is that because there were direct contracts, between The Bbc and Mr Lineker and Bt Sport and Mr Lineker, the intermediaries legislation (IR35) does not, and cannot as a matter of law, apply, " Tribunal Judge Brooks said in a statement.

" Accordingly, and notwithstanding GLM (Gary Lineker Media) being a partnership, that is The End of The Matter and The Appeal succeeds. "

IR35 is designed to clampdown on Tax Avoidance by so-called disguised employees, who charge for their services via limited companies.

Throughout proceedings, the presenter, 62, insisted all taxes were paid on the income via a partnership (GLM) Set Up in 2012 with his ex-wife Danielle Bux .

HMRC has 56 days to appeal to the Upper Tribunal (Tax and Chancery Chamber) if it wishes to do so.

Lineker hit the headlines earlier this month when he was taken off air by The Bbc over a tweet criticising government asylum policy.

He later returned to Match of The Day after The Bbc 's director general Tim Davie said an independent review of Social Media guidelines would be carried out.

Mr Davie denied accusations that The Bbc had backed down.

Lineker, a former Leicester, Tottenham and England striker, has hosted Match of The Day since 1999 and is The Bbc 's highest paid star, having earned about £1. 35m in 2020-21.

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Source of news: bbc.com

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