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.”
Tax
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.
07/24/2018
OECD updates criteria for blacklisting non-transparent financial centres
In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.
07/24/2018
French town now ‘too rich’ to tax residents
The council reportedly has a large amount of resources it does not use, with only €5,000 ($5,850) of its €270,000 ($316,000) budget for public facilities being spent last year.
07/23/2018
New research finds 40% of multinationals’ profits shifted to tax havens – EU biggest loser while US firms most shifty
The EU is estimated to lose 20% of its corporate tax revenue through profit shifting.
07/23/2018
Moore Stephens highlights tech firm priorities
Our fifth annual owner managed business (OMB) report reveals remarkable resilience, with many OMBs performing better than expected last year.
07/23/2018
New Crack Down On Offshore Tax Dodgers Ready For Action
The UK has 64 tax exchange agreements under the common reporting standard.
07/20/2018
Kenya and Portugal sign pact to avoid double taxation
Avoidance of double taxation will create a conducive environment for investments and trade in goods and services between the countries
07/19/2018
20 EU states dragging their feet on beneficial owner lists
The crown dependencies, which include Jersey and Guernsey, have a different constitutional relationship with the UK compared to the overseas territories
07/16/2018
Establishing a Business Presence in the United States
The way ECI and FDAP is taxed and collected differs too.
07/16/2018
Understanding Social Investment Tax Relief and how to make it work
It is a tax incentive modelled on the better-known Enterprise Investment Scheme
07/16/2018
One Sector That’s Not Cheering French Tax Cuts
France's large charitable sector has been hit hard by Emmanuel Macron's changes to the tax code.
07/16/2018
Offshore tax evasion: offences relating to offshore income
A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.
07/13/2018
Worlds biggest corporate tax haven its no paradise island
They began their research by comparing the profits made within a country to the amount of corporate activity.