09/01/2021
“UK tax legislation makes it clear that tax is due on someone’s ‘earnings’ – that is ‘money’ and anything which has a ‘money’s worth’. Cryptocurrencies clearly satisfy these criteria.”
08/31/2021
Shortcomings flagged by FATF
08/31/2021
The OECD made such a suggestion in its recent report on inheritance taxation.
08/26/2021
Ami Jack can introduce you to relevant specialist tax advisors within our firm.
08/20/2021
New data reveals soaring Inheritance Tax receipts
The recent run of increases to monthly IHT receipts means the tax is becoming an increasingly important revenue source for the Treasury.
08/18/2021
The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK's family office and private client team.
08/18/2021
The NHR scheme is also attractive to non-employed expatriates and retirees.
08/16/2021
The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK’s family office and private client team
08/11/2021
Unpaid stamp duty clawed back by the tax man soars to five-year high
Despite the marked drop off in investigations, HMRC’s recouped cash from stamp duty investigations stayed broadly in line with the four-year average annual tax take from investigations of £60.5m.
08/11/2021
Firm’s 22,000 staff shared a total bonus pot of £128m, up from £83m a year earlier
08/10/2021
The third party will usually be notified in advance that an application for the issue of a notice is going to be made and will have an opportunity to submit representations regarding the information required.
08/08/2021
Experts say rising tax rates make residential homes less attractive to wealthy foreign buyers
08/06/2021
This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.
08/05/2021
This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.
08/05/2021
There now appears to be no one working at or advising TJN who has ever worked in tax, or accounting, or financial services.
08/05/2021
Authority finds no evidence that the wealthy used FICs for tax avoidance
08/03/2021
HMRC shutters one dedicated tax avoidance investigation unit
It had been tasked with assessing family investment companies
08/02/2021
Despite APR being a generous relief, it only removes from inheritance tax (IHT) the agricultural value of the land, and it is often the case that land has hope or development potential which would still be exposed to IHT.
08/01/2021
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.
07/30/2021
This means that investors found to be evading tax bills may incur severe penalties – further evidence for why getting your cryptoasset taxes in order is crucial.