HMRC to gain access to card payment data

HMRC has recently gained new powers allowing it to find out the number and value of transaction undertaken by a specific trader by accessing information from the UK’s merchant acquirers, the companies which process card payment transactions. This is the latest in a series of crackdowns on tax evasion and the data gathered is designed to ensure that traders have … Read More

Tax evasion vs tax avoidance – what’s the difference?

Never before in the history of taxkind has so much been written about tax avoidance and it seems that there is still a way to go before the gap between public perception and reality is closed. Put simply, tax avoidance is legal. There are a multitude of legitimate tax reliefs and ‘schemes’ which allow individuals and companies to pay less … Read More