#tax-avoidance

#tax-avoidance

The proposed 'Britannia Card' allows wealthy non-domiciled individuals to avoid UK tax on foreign earnings for a one-off fee of £250,000 every 10 years.

Nigel Farage claims to have bought a house in Clacton, but it turns out the property belongs solely to his girlfriend, Laure Ferrari, raising questions about tax implications.

In a landmark move, HMRC confirmed that these Stop Notices mark the first time the orders have been issued to an individual rather than a company, underscoring the government's intent to clamp down on tax avoidance regardless of how schemes are structured.

The report criticized the 2022 Finance Act for breaking the link between salary and pension, creating tax loopholes that enable the wealthy to abuse the system.

HMRC's latest list shows nearly 100 non-compliant umbrella companies, showing a significant rise and ongoing concerns regarding tax avoidance schemes affecting contractors.