10/28/2014
HMRC's Explains Relationship With High Net Worths
The guide adds that HMRC has begun issuing "follower notices" and "accelerated payment" notices to those involved in tax avoidance schemes.
Tax
10/26/2014
UAE and Luxembourg sign protocol amending agreement on double taxation and fiscal evasion
He Obaid Humaid Al Tayer, Minister of State for Financial Affairs and HE Pierre Gramegna, Luxembourg's Minister of Finance, today signed a protocol to amend the agreement on the avoidance of double taxation and prevention of fiscal evasion on income
10/23/2014
First 'deoffshorization' bill reaches Russian parliament
Requirements set in the bill could be toughened when it reaches the second reading, the lawmaker said.
10/23/2014
French MPs face investigation over tax scandal
The tax authorities are contacting parliamentarians suspected of fiddling their declarations.
10/23/2014
Termination payments – is complexity sometimes a price worth paying? by Andrew Hubbard, Baker Tilly
As tax advisers we rightly pride ourselves on our knowledge of the UK tax system.
10/23/2014
Does your organisation suffer withholding tax on income from overseas investments?
Most territories apply withholding taxes (WHT) to payment of dividends and certain other sources of investment income.
10/22/2014
Middle-class mother 'with £300,000 in Swiss bank account sent children to Cheltenham Ladies' College but carried on claiming £20,000 in benefits as pocket money'
A middle-class mother with £300,000 in a Swiss bank account and children in top fee-paying schools carried on claiming benefits as 'pocket money
10/22/2014
Luxembourg Tax Deals Under Pressure
On the first floor of a rust-colored building near the main railway station, Marius Kohl spent years engineering this country’s most valuable export: tax relief.
10/21/2014
'Five times as much lost to fraud as to avoidance'
New figures from HM Revenue & Customs reveal that almost five times more tax revenue is lost as a result of illegal activity than through avoidance.
10/21/2014
Italy, Switzerland DTA Talks Proceeding, Despite Problems
Italy has also taken a tough line in that the DTA should not offer provisions that would establish a tax amnesty. Italy is seeking payment of any unpaid taxes on Italian taxpayers' assets in Switzerland and transparency about account-holders' id
10/17/2014
Grant Thornton Ramps Up Isle of Man Presence
Grant Thornton is to open a new office on the Isle of Man.
10/17/2014
Clawback - the taxman’s growing reach
It was George Harrison’s astonishment at the amount of tax he was paying that prompted him to pen The Beatles’ song “Taxman” almost 50 years ago.
10/16/2014
Global investment losses from unclaimed withholding tax hits £13.2 billion
UK investors relinquish more than £680 million in rightful returns due to withholding tax
10/16/2014
You don’t feel mega rich? Don’t pay inheritance tax, then by George Bull, Baker Tilly
After David Cameron hinted earlier this week that inheritance tax should not apply to people who didn’t feel ‘mega-rich’, why can’t this logic apply to higher rate taxpayers?
10/16/2014
Leaving on a jet plane by Edward Emblem, Baker Tilly
Relocating from one jurisdiction to another? Spare a moment to consider your tax status in the new country, as the implications of leaving a tax regime behind could lead to some unwanted consequences.
10/16/2014
Annual property tax – more properties affected but less admin? by Michael Flaherty & Penny Phillips, Baker Tilly
With the ATED valuation bands decreasing to £500,000 from April 2016, 36,000 more properties will be exposed to the regime. With potential administration simplification ahead, what does this mean for you and your properties?
10/15/2014
Austria given reprieve as EU widens crackdown on tax cheats
Bank secrecy is dead
10/15/2014
A Popular Irish Corporate Tax Loophole Is Now Dead — Here Are Three Other Loopholes
The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."
10/15/2014
Bank account data exchange backed by EU
OECD standards of tax transparency for accounts to be written into EU law in Luxembourg
10/15/2014
Only the 'very wealthy' should pay inheritance tax, says Cameron
The Prime Minister told a gathering of pensioners and older workers that people should be able to pass their family home to their children