24 episodes

Welcome to Taxing Matters, brought to you by RPC. In this series we review land-mark cases and key tax developments and discuss the commercial impact they could have on your business.
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Taxing Matters RPC

    • Business
    • 4.9 • 51 Ratings

Welcome to Taxing Matters, brought to you by RPC. In this series we review land-mark cases and key tax developments and discuss the commercial impact they could have on your business.
See acast.com/privacy for privacy and opt-out information.

    Ashbolt and Arundell: challenging search warrants

    Ashbolt and Arundell: challenging search warrants

    In this latest episode of Taxing Matters we take a closer look at the recent case of Asholt and Arundell v HMRC, which involved a challenge to the lawfulness of a search warrant which had been executed by HMRC.
    Leading barrister Jonathan Fisher QC, who has over 30 years of experience in financial fraud and tax cases and founder of Bright Line Law, joins us to discuss how you can challenge the lawfulness of search warrants and some of the practical difficulties involved in such a challenge.
    We consider the process of obtaining a search warrant, what materials fall within the description of the warrant, and the specific powers granted to HMRC officers. Jonathan provides expert insight into how to successfully challenge search warrants by way of judicial review.  

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    • 27 min
    Shifting sands: insuring tax risks

    Shifting sands: insuring tax risks

    In a special cross-over episode with our sister podcast Insurance Covered, this episode looks at the growth in popularity of tax liability insurance.
    Giles Hambly, a Tax Specialist in the Major Risks Practice at global insurance broker Gallagher joins us to explain what tax liability insurance covers, how it works in practice and why many businesses are now choosing to take it out.
    From potential hidden M&A risks to future tax policy changes there are a multitude of reasons why businesses might take advantage of the protection afforded by such coverage. Given Giles' background as a former tax adviser and lawyer, before his subsequent segue into the world of insurance, Giles provides a unique insight into tax liability insurance and explains why it might have an important role to play in your business too!  
    Show references
    Insurance Covered podcast series
    Gallagher M&A practice
    RPC M&A practice

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    • 35 min
    Tax fraud: The rise of the professional enabler

    Tax fraud: The rise of the professional enabler

    In this episode, we are joined by Simon York, Director of HMRC's Fraud Investigation Service (FIS). Created only five years ago, FIS has already secured 3,700 criminal convictions for serious fraud and protected over £25 billion in assets.
    By exploiting the latest developments in virtual currencies, encrypted communications and financial systems, tax fraud is becoming increasingly complex. Simon talks to Taxing Matters about some of the key trends and how they are shaping FIS' strategic focus for the future.
    In particular, Simon discusses how advice and assistance from professional enablers is becoming an increasingly vital element of tax fraud – and how FIS plan to counter it.
    Show references
    HMRC’s response to the rise of the enabler
    The J5 website
    Corporate criminal offence Taxing Matters episode

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    • 17 min
    Furlough, fraud and the FIS

    Furlough, fraud and the FIS

    Twenty episodes ago, in early summer last year, our Taxing Matters podcast focused on the newly emerging risk of furlough fraud. Now, nearly a year on (and three iterations of the Coronavirus Job Retention Scheme later) David Francis, Head of Tax Dispute Resolution at Grant Thornton, joins us to discuss this important and evolving topic.
    At the outset, a key concern was whether the speed with which the Coronavirus Job Retention Scheme was set up might create a situation where innocent but incorrect, or fraudulent, claims would be submitted to HMRC. With an estimated 5 to 10% of all furlough claims, or approximately £3.5bn, falsely or incorrectly claimed, the Government has provided £100m of additional funding to HMRC's Fraud Investigation Services (FIS) to investigate suspected discrepancies.
    David discusses the tools FIS have at their disposal and the action HMRC is taking to uncover fraudulent claims – and offers some pertinent advice to businesses who may have concerns about the claims they have made.
    Show references
    Taxing Matters: Furlough Fraud
    Furlough fraud and Government clawback: managing the risk
    HMRC's new powers to investigate furlough abuse

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    • 32 min
    The Trade-off: Reduced juror numbers in criminal trials

    The Trade-off: Reduced juror numbers in criminal trials

    The backlog of criminal cases (especially for those relating to fraud) has increased considerably. It is reaching worrying levels resulting in administrative difficulties and substantial cost, both in financial and emotional terms.
    In the past year, the number of outstanding Crown Court trials has risen by over 40% with trial dates now being fixed up to four years after the time of the alleged offence. With the delays causing significant evidential difficulties – not to mention the toll it takes on all parties who are left in limbo for prolonged periods of time – a proposal to reduce the number of jurors has been put forward as a solution to addressing the backlog.
    In this episode, Professor Michael Saks joins us to discuss whether this proposal really will solve the problem, what the unintended consequences might be, and whether it is worth the trade-off. 

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    • 28 min
    The Common Reporting Standard: An HMRC game changer?

    The Common Reporting Standard: An HMRC game changer?

    With now over 100 countries signed up to the international information exchange known as the Common Reporting Standard (CRS), last year HMRC received 84 million details of bank accounts covering one in 10 UK citizens.
    As CRS data is increasingly used by HRMC to identify who should be targeted for investigation and "nudge letters", it is vital that individuals and businesses understand what information is being collected and what HRMC are doing with it.
    In this episode Dawn Register, Head of Tax Dispute Resolution at BDO, joins us to explain exactly what the CRS is and discuss its increasing importance for those UK residents with financial accounts and investments overseas. 

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    • 20 min

Customer Reviews

4.9 out of 5
51 Ratings

51 Ratings

ZenasM ,

Makes tax less taxing

Excellent, clear explanations.

James G M ,

Thoroughly enjoyable

I’ve really enjoyed the episodes so far, thank you for creating them.

lawinaction ,

Great information on this area where there is confusion

Very well presented looking forward to future podcasts

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