11/15/2015
Tax voice - November 2015 - RSM UK Group
Welcome to this month's edition of Tax Voice, a monthly round-up of the most important tax news.
Tax
11/15/2015
Some more radical common sense for Tax or...by Justin Urquhart Stewart
The argument over Tax Credits is very sensitive at various levels.
11/13/2015
Red tape and taxes will destroy the City, says UK's former top regulator
Hector Sants, the former head of the Financial Services Authority, fears the UK will lose its place as the world’s top financial centre unless stifling red tape is cut back
11/13/2015
Diverted Profits Tax - The Clock is Ticking...
Against the backdrop of the wider BEPS agenda, the UK is seeking to levy a 25% tax on the diverted profits of groups that structure their affairs so as to avoid a UK taxable presence known as a “permanent establishment
11/13/2015
Crickhowell: Residents of town going offshore to avoid tax release video urging others to do the same
'Either we all pay tax, or none of us do'
11/12/2015
Transition from UK IGA to the CRS - Deloitte
The Governments of the Crown Dependencies have provided an update on the proposals for the transition from the Crown Dependancies and Overseas Territories (CDOT or "UK FATCA") to the Common Reporting Standard (CRS) in 2017.
11/11/2015
Cut taxes and open Britain’s borders or risk losing the City, says Barclays' John McFarlane
Britain’s financial services sector will lose out to overseas competition unless the government stops holding it back, according to John McFarlane, the chairman of Barclays and TheCityUK
11/08/2015
Former Arsenal, Liverpool and Manchester United players 'face ruin and losses of £100m’ in film investments
Rio Ferdinand, Martin Keown, Danny Murphy and Robbie Savage all understood to have lost millions after investing in film and property ventures
11/06/2015
Update on UK disclosure facilities - SMP
This means that time is rapidly running out for UK taxpayers to make a disclosure of any UK tax irregularities to HM Revenue & Customs under the current facilities.
11/04/2015
Are HMRC bad losers? By George Bull
After losing a number of court cases in recent years, HMRC now has to repay compound interest to companies that were unlawfully required to pay VAT under a “mistake of law”. However, the Department has now announced that these repayments will
11/03/2015
German state buys USB said to hold evidence of €600m in tax avoidance
North Rhine-Westphalia pays €5m for information on tax avoidance and illegal deals, according to Der Spiegel
11/03/2015
Police raid German FA on suspicion of tax evasion over 2006 World Cup
Prosecutors in Frankfurt investigating suspicion of serious tax evasion’
11/02/2015
Rafael Benitez among sports celebrities embroiled in new tax investigation
HMRC is investigating £200m investments into a renewable energy firm as it clamps down on tax avoidance schemes
10/27/2015
Guernsey States Propose Changes to the Income Tax Legislation
The States of Guernsey has recently announced proposed amendments to the Income Tax Legislation that will be discussed at the States meeting starting on 25 November 2015.
10/26/2015
Baker Tilly rebrands with global identity
The consultancy group said it would adopt the RSM name and logo from today across its 35 UK offices in a bid to strengthen its position in the mid-market.
10/23/2015
The taxman cometh
It promises to prise open the secretive affairs of those who are evading tax, and to play a part in reducing the so-called “tax gaps” of governments struggling with stubbornly high fiscal deficits.
10/23/2015
Revenue given ‘significant’ new powers to tackle tax evaders
Finance Bill gives agency scope to secure information from third parties and banks
10/22/2015
After Blow to Europe Tax Havens, Some Promise More Staying Power
Yet the Netherlands is on pace to maintain its attractiveness as a tax-friendly address for multinationals, said several tax advisers to big companies.
10/21/2015
Country-by-country reporting requires tax authorities to raise their game too by Rebecca Reading
The UK’s new legislation on country-by-country reporting will initially be a compliance burden for multinationals, but tax authorities will also have to raise their game to ensure that the correct amount of tax – and no more – is collect
10/21/2015
Non-UK Domiciliaries and Loans - Deloitte
On 4 August 2014 HMRC changed their practice with regard to loans taken out using previously unremitted foreign income and gains as collateral, where the loan proceeds were remitted to the UK.