03/02/2018
Maltese MEPs don’t want new tax committee ‘wasting resources’ on Malta’s tax system
MEPs have set up a new committee to investigate tax avoidance practices across the EU: Malta could be a target
Tax
02/26/2018
Offshore companies owning UK residential property
New UK tax considerations in 2018
02/22/2018
Time Running Out For Offshore Tax Dodgers
RTC has no minimum cut-off value, so all taxpayers with unpaid offshore tax need to make a disclosure.
02/21/2018
Incoming FCA chair admits using tax avoidance scheme
The next chair of the UK’s Financial Conduct Authority said he made an “error in judgement” when he used a tax avoidance film scheme promoted by Ingenious, a firm that has lost several court battles against HM Revenue & Customs.
02/20/2018
Surprise dip in tax from offshore-held property
HM Revenue & Customs has reported a surprise drop in the annual tax enveloped dwellings (ATED) take, which is payable mainly by companies that own UK residential property valued at £500,000 or above.
02/20/2018
HSBC Says Swiss Bank Tax Probe Could Cost More Than $1.5 Billion
The bank paid the French government 300 million euros ($370 million) in November to settle allegations that it helped clients hide assets from local tax authorities.
02/19/2018
Why we pay too much inheritance tax
The Inland Revenue is filling its coffers off the back of people’s lack of understanding of the rules. We answer your questions
02/19/2018
Gibraltar Marks 25th Year of HNWI Residency Scheme
Holders of Category 2 status are liable to income tax on only the first GBP80,000 of income.
02/14/2018
Explain your wealth or have it seized
Despite the picture painted in the BBC’s recent McMafia series, the UK is not necessarily awash of dubious foreign wealth. But what is the UK doing to clampdown on money laundering and increase transparency?
02/12/2018
Retrial for tax-dodging French ex-minister
The 65-year-old appealed his three-year sentence
02/09/2018
European Commission threatens UK with sanctions if no tax code agreement
There will no longer be a legal requirement for the UK to exchange information with EU member states on tax matters
02/08/2018
Paradise Papers: EU parliament votes to launch tax inquiry
Taxe 3 inquiry marks a further threat from the EU to the UK’s network of offshore tax havens
02/07/2018
Man U’s Alexis Sánchez gets suspended sentence for tax fraud
Sánchez is the latest football player to be targeted for tax evasion by the Spanish authorities, alongside similar efforts by the UK’s HMRC to go after high-profile tax evaders and avoiders.
02/05/2018
Government crackdown on offshore tax cheats brings in a THIRD of the £1billion expected in the wake of Paradise Papers scandal
Changes included agreements with offshore low-tax havens such as Switzerland
02/01/2018
Reform of IHT is overdue but scope of review should be widened says RSM
This policy approach continued when capital transfer tax became inheritance tax in 1986. In the course of the following 32 years, inheritance tax has become a major worry for ordinary people up and down the length of the UK.
02/01/2018
‘Out of control’ HMRC over-taxes by half a billion
“This is a system built around the needs of the Treasury and the bureaucracy, not one which puts people first,” Webb said.
02/01/2018
UK quashes fears of public trust register
The UK Government has confirmed it is opposed to public access to its register of beneficial owners of trusts.
01/31/2018
Will HMRC’s new penalty policy publicly name and shame more taxpayers?
HMRC’s new approach to historical tax irregularities could see more taxpayers being named and shamed. This could have serious financial and reputational risk for taxpayers, and there is an urgent need for further clarification from HMRC on what the
01/31/2018
The Irish Finance Act 2017 – Key Changes for Irish Corporates
The presence of a tax avoidance motive will not determine whether the provisions apply.
01/31/2018
OMW Comment:UK Launches inheritance tax review
If you are covering the Chancellor’s letter to the Office of Tax Simplification asking for a review of inheritance tax, please find comment from Rachael Griffin, tax expert at Old Mutual Wealth: