09/21/2015
Draft AEOI Guidance Released
HMRC have released their draft Automatic Exchange of Financial Account Information Guidance notes.
Tax
09/21/2015
Financial institutions believe common reporting standard will be more taxing than FATCA - KPMG
With a Jan. 1, 2016 effective date looming for 50 "early adopter" jurisdictions set to enact a new international Common Reporting Standard for reporting financial account information
09/18/2015
There Be Dragons In The Land Of Pensions by Bill Longe, Baker Tilly
Tuesday was Pensions Awareness Day, and to coincide with this the Pensions Regulator is launching a TV campaign encouraging small employers to comply with their auto-enrolment obligations. But with concern growing that many of these employers are choosing
09/17/2015
Guernsey Disclosure Facility - Update
The Government of Guernsey has released a statement in relation to the closure of the UK Guernsey Disclosure facility.
09/15/2015
Jersey Disclosure Facility - Update
The Government of Jersey has released a statement in relation to the closure of the UK Jersey Disclosure facility.
09/14/2015
European banks remain strongly opposed to financial transactions tax
Taking note of statements made after the informal discussions among EU finance ministers in Luxembourg on Saturday
09/14/2015
Tax advice set to rocket over next two years
More than two thirds of financial advisers in the UK see specialist tax advice as the biggest growth area in their businesses over the next two years, according to a survey by Prudential.
09/14/2015
Switzerland To Amend Withholding Tax Regime
The Federal Council has now confirmed that the existing exemptions for CoCos and write-off bonds will be maintained for a limited period.
09/13/2015
HMRC rakes in £1bn under new upfront disputed tax rules
The new legislation has removed the cash flow advantage of holding on to the disputed tax — sometimes for years — while cases were being investigated and litigated
09/13/2015
Malta remains against tax harmonization
‘Coordination, not harmonisation, is the way to go on tax matters,’ Finance Minister tells EU ministers
09/10/2015
Our sweet deal for Apple leaves bitter taste for taxpayers
Some good news. Europe, which told Ireland to make payments to bondholders despite no legal obligation to do so, may be on the brink of giving us a financial break.
09/10/2015
Revenue & Customs 'winding down' inquiries into HSBC Swiss tax evaders
After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat
09/10/2015
US tax rules catch out UK investors, warns wealth manager
A range of commonly held tax-incentivised savings wrappers are not recognised by the US, which has led to many clients coming to Vestra US with tax inefficient portfolios.
09/09/2015
Tax avoidance and the law of unintended consequences by George Bull
From the perspective of tax authorities worldwide, tax avoidance is a massive example of the operation of the law of unintended consequences. At a time when tax authorities around the world are rushing to crack down on tax avoidance, it’s therefore
09/09/2015
The taxman cometh
The new offence is part of a package of measures designed to clamp down on those who evade, or help others to evade
09/08/2015
France's Sapin says overseas cash declarations to help fund tax cuts
A recently introduced service allowing people to settle unpaid tax on overseas assets has attracted more filings and bigger sums than expected
09/08/2015
Greece Plans Property Tax Reforms
As part of the third bailout deal recently agreed with Greece's creditors, the tax must be restored.
09/07/2015
The government must understand the impact of the bank surcharge before it goes any further
The tax policy of the UK government for the banking sector has changed dramatically over the last three administrations
09/06/2015
Hedge fund manager faces large tax bill after appeal fails
HM Revenue & Customs argued Degorce and eleven other investors using the scheme involved had the primary aim of generating artificial income tax losses.
09/06/2015
QROPS – Back to Basics
But what happens if you decide to relocate during your retirement, or even move back home?