12/11/2020
Spain’s Juan Carlos Makes a Big Tax Payment Amid New Financial Probe
The anticorruption prosecutor’s office has confirmed the existence of a new case involving the king, but has not elaborated.
12/11/2020
The anticorruption prosecutor’s office has confirmed the existence of a new case involving the king, but has not elaborated.
12/10/2020
Countries have shared details of offshore assets worth €10trn
12/10/2020
The report notes that a second stage of the monitoring process, now underway, will assess the effectiveness of automatic exchange now underway in more than 100 jurisdictions.
12/09/2020
The report finds tax continues to be a significant burden on UK charities
12/09/2020
It would be paid in instalments over five years, and apply only to wealth above the threshold.
12/09/2020
He added: This could push thousands of households who may be asset but not cash rich, into debt. A family owning a detached house in Southern England with modest pension and ISA savings could easily be caught.”
12/09/2020
Press officer of the Dutch Finance Ministry Remco Raus said that generally, the Netherlands is prepared to review the tax treaty and is constructive during the process
12/08/2020
HM Revenue & Customs (HMRC) doesn’t have the capacity to assess and collect import VAT for every import into the UK from 1 January.
12/08/2020
BDO points out that in 2019 the US tax authorities over $120m (£90m) to whistleblowers, at an average of $664,000 (£500,000) per award, whilst collecting over $660m (£497m) of additional taxes.
12/07/2020
They said investigators were looking into funds deposited in at several Spanish bank accounts held by a Mexican business and a Spanish Air Force official, and whether they had been accessed by the former monarch.
12/07/2020
Most of the provisions will apply from 1 January 2021, although some provisions are applicable from the date of entry into force.
12/04/2020
The COVID-19 crisis is likely to significantly hit tax revenues in 2020, particularly from consumption taxes, due to the sharp fall in economic activity and consumption following lockdowns and the forced closure of many businesses.
12/03/2020
The Circular notes that the law applies to both licenses and sales of covered IP.
12/03/2020
Based on existing guidance and external advice, Quilter said it was now treating its MPS as VAT exempt.
12/02/2020
Making the most of your tax reliefs and allowances has never been more important
12/02/2020
Trustees must re-register with HMRC under the Trust Registration Service and complete an annual declaration by 31 January
12/02/2020
The FATCA legislation requires all US citizens to supply the US tax authorities with detailed information of their bank accounts and assets held abroad and requires non-US banks to report such information directly to the IRS.
12/02/2020
The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.
12/02/2020
But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.
12/01/2020
Alongside any reduction, the OTS recommends reform of the current chattels exemption on assets sold for £6,000 or less and a review of reporting requirements to ease the compliance burden for individuals.