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27 September 2007 / Vanessa Whitman , Emily Springford
Issue: 7290 / Categories: Features , Tax , Banking
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Time to pay up

HMRC is keen to expand its powers to tackle debt, say Emily Springford and Vanessa Whitman

The British Bankers’ Association has sent messages to British banks and some other financial and credit organisations alerting them that HM Revenue & Customs (HMRC) is running a large-scale investigation to reclaim unpaid tax on interest earned in offshore accounts. Following negotiations with some major banks in 2006, HMRC will probably embark on a similar process with other banks and financial institutions to maximise its recovery of unpaid tax on interest earned in offshore accounts. HMRC is likely to put banks under pressure to release information about customers’ accounts, possibly including the accounts of deceased customers, as well as dormant and closed accounts. 

INVESTIGATIONS

The recent investigations have focused primarily on taxpayers who have a UK address and an offshore account, or credit cards linked to or funded by offshore accounts. The details sought by HMRC have been wide and include personal, business and transactional data. Moreover, HMRC has served notices under the Taxes

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MOVERS & SHAKERS

Bellevue Law—Lianne Craig

Bellevue Law—Lianne Craig

Workplace law firm expands commercial disputes team with senior consultant hire

EIP—Rob Barker

EIP—Rob Barker

IP firm promotes patent attorney to partner

Muckle LLP—Ryan Butler

Muckle LLP—Ryan Butler

Banking and restructuring team bolstered by insolvency specialist

NEWS
The Supreme Court has delivered a decisive ruling on termination under the JCT Design & Build form. Writing in NLJ this week, Andrew Singer KC and Jonathan Ward, of Kings Chambers, analyse Providence Building Services v Hexagon Housing Association [2026] UKSC 1, which restores the first-instance decision and curbs contractors’ termination rights for repeated late payment
Secondments, disciplinary procedures and appeal chaos all feature in a quartet of recent rulings. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, examines how established principles are being tested in modern disputes
The AI revolution is no longer a distant murmur—it’s at the client’s desk. Writing in NLJ this week, Peter Ambrose, CEO of The Partnership and Legalito, warns that the ‘AI chickens’ have ‘come home to roost’, transforming not just legal practice but the lawyer–client relationship itself
A High Court ruling involving the Longleat estate has exposed the fault line between modern family building and historic trust drafting. Writing in NLJ this week, Charlotte Coyle, director and family law expert at Freeths, examines Cator v Thynn [2026] EWHC 209 (Ch), where trustees sought approval to modernise trusts that retain pre-1970 definitions of ‘child’, ‘grandchild’ and ‘issue’
Fresh proposals to criminalise ‘nudification’ apps, prioritise cyberflashing and non-consensual intimate images, and even ban under-16s from social media have reignited debate over whether the Online Safety Act 2023 (OSA 2023) is fit for purpose. Writing in NLJ this week, Alexander Brown, head of technology, media and telecommunications, and Alexandra Webster, managing associate, Simmons & Simmons, caution against reactive law-making that could undermine the Act’s ‘risk-based and outcomes-focused’ design
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