- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Tax Voice - September 2014 - Baker Tilly

Welcome to this month's edition of Tax Voice, a monthly round-up of the most important tax news.

Grant Thornton nominated for two prestigious awards

Grant Thornton has been nominated for Global Firm of the Year and also shortlisted for the Top 50 Pensions Team of the Year 2014 at the British Accountancy Awards hosted by Accountancy Age.

Baker Tilly responds to OECD global tax crackdown proposals

Responding to the proposals, George Bull, Baker Tilly’s Senior Tax Partner, said: ‘These measures represent a positive step towards eradicating harmful tax practices on a worldwide scale.

Swiss Bankers Urge EU Deals to Root Out Tax Cheats

The country has reached withholding tax deals with Britain and Austria, under which nearly 30,000 Swiss account holders came forward last year to pay tax

Baker Tilly Tax Manager wins national private client award

A Tax Manager from the Hull office of accountants Baker Tilly has been recognised as one of the rising stars of the UK’s private client practitioner community.

New Double Tax Agreement Between Cyprus And Guernsey

This is the first comprehensive double tax agreement between the two jurisdictions and will come into force once it has been ratified in accordance with their domestic legal procedures.

OECD plan to put focus on Irish tax rules

Ireland’s business tax regime is set to come under renewed scrutiny today as the OECD sets out the first phase of a plan to stamp out aggressive avoidance by big multinational groups.

Colombia : Plans to increase a wealth tax on companies and individuals risk

Canacol Says Colombia Wealth Tax Reduces Appeal to Investors. Plans to increase a wealth tax on companies and individuals risk undermining Colombia’s ability to attract new investment amid competition from other countries including Mexico

OECD: Global firms need new tax rules

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015

Fears over tax loophole as Scottish independence could see thousands of wealthy people start claiming 'non-domicile' status

Scottish independence could see thousands of wealthy people start to claim ‘non-domicile’ tax status, experts predict.

Online tax risks according to Baker Tilly

Using online sites such as eBay or Airbnb can be a great way of earning some extra money, but if these are being used for carrying on a trade, it is the responsibility of private traders to disclose their earnings to HMRC and pay the correct amount of ta

T'ain't What You Do (It's the Way That You Do It) by Andrew Hubbard

A recent report into the experience of SMEs subject to HMRC compliance checks shows that tone is just as important as content.

Key deadline for trustees looming – thankfully HMRC makes things clearer by Gary Heynes, Baker Tilly

Trustees of UK family trusts will be aware that the deadline for registration for those caught by the US Foreign Account Tax Compliance Act (FATCA) rules is looming.

Government of Canada Strengthens Collaboration With the United Kingdom

Minister of National Revenue concludes two days of meetings in London

Joint statement by Minister of National Revenue Findlay and U.K. Financial Secretary to the Treasury Gauke

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, and David Gauke, Financial Secretary to the Treasury for the United Kingdom and responsible for Her Majesty's Revenue and Customs, met today.

Baker Tilly warns online traders

Accountancy firm Baker Tilly has warned online traders to ensure they declare earnings after a man was convicted earlier this week

No Isas for Americans: Post Office 'overreacts' over hated US tax law

The Post Office has said it will no longer stop US citizens from applying for a cash Isa

Expats could cut UK financial ties

Under current rules, expats are able to offset income earned in Britain against tax.

Isle of Man signs tax agreement with Swaziland

The Isle of Man has now signed 42 agreements which meet OECD standards

Most Dutch banks are 'vague' about tax avoidance

Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday.