The Terms of Reference for the independent loan charge review have been made available.
The government will consider and respond to the outcome of the Review once it has concluded.
Follow this link to find out what it means for you if you have used a disguised remuneration scheme and are affected by the loan charge.
Back to Contents
Car park boss must repay HMRC almost £300,000 or face another three years behind bars 18 September 2019
A court has ordered that an airport car park boss must repay HMRC almost £300,000 or face another three years behind bars.
Brian Pearson, from Wilmslow in Cheshire was jailed for three years and two months in October 2017 after an HMRC investigation revealed he had failed to pay over more than £466,000 of his employees’ income tax and National Insurance contributions (NICs) between April 2008 and November 2015. Pearson ran MIA Secure Parking Ltd, a ‘meet and greet’ parking service based in Sharston, Wythenshawe, which later became UK Premier Parking Ltd. Both companies looked after cars for passengers flying mainly from Manchester Airport. In March 2015 HMRC investigators raided Pearson’s home and business addresses seizing records, computers, payroll books, employee and financial documentation. The seized payroll books were blank, but employee records and salary statements proved that Pearson was deducting income tax and NICs from up to 60 of his employees, none of which was paid over to HMRC. The £466,029 fraud was comprised of income tax totalling £258,909 and NICs of £207,120, arising from non-payment of PAYE employee contributions. Pearson was subsequently charged with tax evasion. At a confiscation hearing at Manchester Minshull Street Crown Court last week, Pearson was ordered to repay £297,993 within three months, or spend another three years in prison and still owe the money. He now faces losing assets including a villa in Portugal, a personal pension and ISA savings.
Diccon Wood, assistant director, fraud investigation service, HMRC, said:
“Pearson lived the good life while stealing from his own workers as well as the public. His actions put him in jail for a considerable time.”
Anyone who thinks they know someone who is committing tax fraud can report them by calling the HMRC Fraud Hotline on 0800 788 887.
Back to Contents
HMRC to deploy more resources to tackle tax avoidance 29 October 2019
HMRC’s director general of customer compliance, Penny Ciniewicz has confirmed that more resources will be assigned to tackle tax avoidance schemes throughout the UK.
She advised that there were currently over 100 ongoing investigations into the matter and that there were measures in place to identify, and then combat, anybody who actively promoted tax avoidance. There is a whole chain of parties
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 623 of 629
Made with FlippingBook - Online magazine maker