08/29/2018
British taxpayers in Spain: September 30 deadline to declare offshore earnings
The most common reasons for declaring offshore tax are linked to foreign property, investment income and moving money into the UK from abroad.
Tax
08/28/2018
Ingenious ordered to pay almost £50m in back taxes
Both HMRC and Ingenious claimed victory in a four year court battle in 2016
08/27/2018
Do you have an unforeseen exposure to UK inheritance tax?
To avoid their worldwide assets falling within the scope of UK inheritance tax, that individual would need to cease being UK tax resident during their fourteenth year of residence in the UK.
08/24/2018
HMRC in fresh warning to overseas bank account holders
Information about penalties and other sanctions, ways of making a correction under the RTC rules and information you must supply when making a disclosure that no tax is due have been updated.
08/22/2018
EU backs Gibraltar’s tax transparency measures
The EU Commission says Gibraltar’s financial services industry is not ‘harmful’ to other EU tax regimes
08/20/2018
Quilter calls for rethink of IHT nil rate band
The OTS is currently reviewing submissions to a consultation into inheritance tax and expects to publish its report in Autumn 2018.
08/16/2018
UK taxman does Monaco roadshow in tax avoidance crackdown
HM Revenue and Customs is doing a roadshow in Monaco to raise awareness of two major changes to UK tax legislation.
08/10/2018
Britain’s richest person & Brexiteer quitting UK for Monaco to save tax on £21bn fortune
The impending move for Britain’s wealthiest person will no doubt come as a surprise, particularly to fellow ardent Brexiteers
08/09/2018
How ex-pats could still be hit by a HMRC tax bill
Understand the complexities of a client's tax position if leaving the UK
08/08/2018
Andersen Global Expands in Europe
The firm advises companies and public institutions in all areas of business.
08/08/2018
The rise of the bean counters
Veteran consultant Andrew Wileman reviews Richard Brooks' book Bean Counters: The Triumph of the Accountants and How They Broke Capitalism.
08/02/2018
Fears UK taxman is planning fishing trips
Legal experts are worried the removal of tribunal oversight on financial data requests from HM Revenue & Customs will launch speculative “fishing expeditions” against taxpayers.
08/01/2018
Time to declare your offshore assets
“This new measure will place higher penalties on those who do not contact HMRC and ensure their offshore tax liabilities are correct. I urge anyone affected to get in touch with HMRC now.”
08/01/2018
Inheritance tax payments hit record £5bn for 2017-18
“IHT is an extremely complicated area and one where getting expert advice is absolutely essential to ensure your assets are sheltered from the taxman.”
07/30/2018
Move afoot in UK to force offshore firms to reveal owners of properties
The owners’ names will appear on a corporate registry, making it easier for law enforcement to seize assets linked to criminals or bought through “dirty money”.
07/27/2018
FRC warns of errors in DB scheme audits
Auditors need to understand the work of actuaries inputting to their work and pay attention to assets as well as liabilities.
07/27/2018
Dwindling UK non-doms pay record £9.4bn in tax
UK non-domiciled taxpayers handed over a record sum to HM Revenue & Customs in 2016/17 despite their numbers dropping by a quarter.
07/26/2018
Boosting British entrepreneurship starts with a better tax system
The entrepreneurs behind those startups will interact with the tax system in a number of ways as their companies mature.
07/25/2018
Island tax transparency could change after UK commitment
The directive requires member states to make registers of beneficial company ownership public by 2019 - 2020
07/25/2018
Upcoming Tax Change Could Cost Commercial Property Owners More Than £8.6 Billion
As it stands for commercial properties in the UK, held by British property entities, the original purchase price is used to calculate the capital gain.