07/30/2021
Whilst the main aim behind Malta’s adoption of the trust is the offering of a further tool for estate planning, protection and security, from an international perspective, a trust with a Maltese trustee, whether individual or corporate, may also pro
07/30/2021
This includes employees and directors who are posted or made available as part of an intra-group transfer, for instance, from a foreign parent company to a subsidiary based in France.
07/29/2021
Increased IHT tax take shows nil rate band freezes are working
HMRC could not accept paper cheques at the height of Covid-19, and with digital tax still not where it needs to be, we are now seeing these payments being processed as normalities return.
07/29/2021
The UK's HM Revenue & Customs clawed back around £464m from football players, clubs and agents after a six-year probe into the sport, the Daily Mirror has reported today (29 July).
07/29/2021
“As the 2019/20 UK tax returns were not – in the main – impacted by the Covid Lockdown, many self-assessment taxpayers may find that their 2020/21 income is much lower than their earnings for 2019/20."
07/28/2021
As for UK resident beneficiaries of non-UK resident trusts
07/28/2021
The complexities and intricacies of navigating different tax systems has proven to be a challenge for multinationals that operate in more than one country.
07/26/2021
Tax authorities ask Germany for data of Maltese with offshore Dubai accounts
Malta is on the hunt for international tax dodgers
07/26/2021
Global Minimum Tax Frequently Asked Questions (FAQ)
07/26/2021
The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.
07/19/2021
Proposal for a 15% minimum corporate tax rate by the G7
This initiative has successfully culminated in changes to tax treaties and domestic legislation across a large number of countries since 2016, promoting a fairer international tax system.
07/13/2021
The “bright green image” promoted by the renewable energy industry is “more a murky shade of grey”, says one.
07/13/2021
With bitcoin advancing more than 300 per cent in 2020, and 73 per cent of HNW individuals expected to invest in cryptoassets before the end of 2022, understanding how your digital assets will be taxed is essential.
07/12/2021
New levy plan was due to be unveiled later this month
07/11/2021
INHERITANCE TAX may leave Britons with a hefty bill, however, the costs may able to be cut through an approach which ensures "everyone wins".
07/09/2021
We are pleased to report that HMRC has now provided further clarification on several issues.
07/09/2021
Despite two new policy papers in the last few days, the Office for Tax Simplification (OTS) is just tinkering around the edges and not sorting out a system that was designed years ago, writes our new Head of Tax, Caroline Le Jeune.
07/09/2021
The decision in this case confirms that HMRC are not able to use the discovery power to assess the child benefit charge where no tax return has been submitted.
07/08/2021
The framework also contemplates “transition” financing by making sure that the related funds raised by the bond are allocated to environmentally sustainable investments.
07/07/2021
If tax authorities don’t respond, the letter turns into an agreement and the companies pay as much as they offered to.