09/12/2017
HMRC wins £35m tax avoidance case with French bank
HMRC has won a tax avoidance case worth £35m against global banking group BNP Paribas, after a First Tier Tribunal (FTT) found in its favour in a case dating back to 2005
Tax
09/12/2017
Abusive tax schemes face bigger penalties
The second finance bill also contains changes to prevent individuals from using artificial schemes to avoid paying the tax they owe on their earnings.
09/12/2017
France, Germany, Spain, Italy call for turnover tax for tech giants
France is apparently leading the push to reform taxation rules and create an “equalization tax” on revenue earned from digital business activity that would bring taxation to the level of corporate tax in the country where the revenue was earne
09/11/2017
Reporting beneficiaries' estate income to HMRC – clarification provided
They also explain how beneficiaries should report that income on self-assessment tax returns and R40s.
09/09/2017
Greek Tax Authority Gets Data from Bank Deposits Abroad
Interest earned from large amounts of deposits abroad will also be targeted.
09/08/2017
Tax evasion: Are you guilty by association?
The law relates to the evasion of taxes or duties anywhere in the world, and applies to any company that is incorporated in the UK
09/08/2017
The Facilitation of Tax Evasion Offences (Guidance About Prevention) Regulations 2017
The aim of the legislation is to make relevant bodies criminally liable where they fail to prevent those who act for, or on their behalf, from criminally facilitating tax evasion.
09/08/2017
High earners face pensions tax taper shock
Individuals who breach allowance may not be allowed to dip into savings to pay bills
09/06/2017
Carbon taxes, climate change and sustainable investment decisions
Carbon taxes are aimed at ‘dirty’ businesses, imposing extra costs to encourage a move to cleaner production processes. But more pain seems inevitable if countries are to meet their Paris climate change commitments. This has a major impact on
09/05/2017
EY reports strong global revenue growth in 2017
We have once again achieved strong revenue growth in what continues to be a complex business environment.
09/05/2017
Denmark Announces Tax Cut Package
The Government also proposes to reduce the vehicle registration tax, a measure it said would lower the cost of car ownership by around DKK15,000.
09/01/2017
Non-doms add almost £10bn to UK coffers
The report will henceforth be published annually and it covers the years from 2007-2008 up to 2014-2015.
09/01/2017
Court defends Yle in Panama Papers tax case
Last year Finnish tax authorities ordered public broadcaster Yle to hand over documents leaked from the Panama law firm Mossack Fonseca.
09/01/2017
Introduction of new tax incentives for intellectual property
The taxpayer must ensure a proper tracking and documenting of Qualifying Expenses
08/23/2017
Millions of taxpayers sent warning about secret offshore accounts
Financial advisers rush to get across HMRC ‘come to us before we come to you’ message
08/23/2017
IFAs rush to meet offshore account warning rules
IFAs must send letters to clients by the end of next week telling them that undeclared offshore accounts could land them in trouble with the taxman.
08/23/2017
HMRC claims early success for app and SMS
The department has been pushing the use of digital channels to reduce the pressure on its contact staff, one element of which has been the development of the SMS reassurance service.
08/23/2017
'Life-changing consequences:' HMRC warns on risks of hiding wealth offshore in new crackdown
Holding assets offshore is not illegal, as long as all taxable income and gains are declared on a UK tax return.
08/22/2017
Ireland compliant with new tax rules: OECD
Ireland and Norway only two countries to get top rating on tax and financial transparency
08/17/2017
London landlords 'avoiding £200m in tax' by not declaring income
HMRC said to be investigating reports that 13,000 renters did not declare rental revenue