08/03/2015
HSBC could still leave UK despite bank levy tax changes
High taxes pushed the bank to consider moving its HQ to Asia, and George Osborne's move to cut the costs may not be enough to persuade HSBC to stay
Tax
07/31/2015
NewsAlert: Tackling tax evasion - new measures - July 2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
A taxing and complex Channel Islands tale
Sark, a picturesque island 80 miles south of England, was until recently the last feudal state in Europe.
07/30/2015
Why do off-shore tax havens still exist?
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/29/2015
Gov’t considers scrapping ‘regressive’ HMWI pension relief
A flat rate of tax relief is one of the things we will consider in the consultation
07/27/2015
Guernsey: OECD Backs Guernsey As A Cooperative Jurisdiction
The Organisation for Economic Cooperation and Development - the leading international standards-setter for tax transparency and cooperation - has underlined Guernsey's reputation as a cooperative jurisdiction.
07/27/2015
Unsettling effect on property of devolved tax moves
DEVOLVED tax powers will impact the property market in unexpected ways, writes Peter Shand
07/24/2015
Tax avoidance ‘sham’ defeated in tribunal by HMRC
HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.
07/24/2015
Jersey Tax Bulletin July 2015 - Deliotte
Non-UK Domiciliaries and UK Residential Property: Upcoming Changes
07/24/2015
U.S. Tax Avoidance trumps Greek Tax Evasion
These kinds of misinformed, over simplified explanations are at best furphies, at worst racist.
07/24/2015
Dispute breaks out over non-dom double taxation
Two tax experts have warned that changes announced in the Summer Budget could see non-domiciled private equity managers hit with double taxation
07/23/2015
Aberdeen appoints PWC as new auditor
Shareholder approval to confirm the appointment of PwC will be sought at the annual general meeting in 2016.
07/22/2015
Experts have criticised HM Revenue & Customs for using scare tactics
International tax adviser Mark Davies & Associates said the Government’s plans to introduce criminal offences for non-compliance, regardless of intention to evade tax, would “weaponise” HMRC.
07/21/2015
HMRC forces fund managers to pay more tax
HMRC confirmed in the paper that the legislation will not affect the CGT treatment of genuine investments in funds made by managers on the same terms
07/21/2015
Four in five accountants leaving clients in dark over LDF
Just 19% of accountants have informed their clients about the Liechtenstein Disclosure Facility despite the beneficial programme being withdrawn in December, a survey has revealed.
07/20/2015
Liechtenstein Disclosure update - July 2015
No liability for any period before 6 April 1999
07/20/2015
New UK offshore tax laws must prove criminal intent - CIOT
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation.
07/17/2015
HMRC moves to crack down on offshore tax evasion
These proposals will ensure tax evasion is a high-risk activity that will result in serious consequences.
07/17/2015
Switzerland, Liechtenstein Sign Double Tax Deal
Switzerland and Liechtenstein have signed a new double taxation agreement, which lowers the withholding tax rates applicable to dividend and interest payments.
07/17/2015
Strict liability offence for offshore tax evasion will apply to all jurisdictions
Under the current law a taxpayer can only be guilty of a criminal offence if HMRC can prove that the failure was deliberate.