UK taxman falls woefully short of 25% Qrops charge target
HM Revenue & Customs had expected to net £65m in 2017/18
Tax & Regulation
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New Zealand introduces financial services code of conduct
Breaches can incur fines of up to NZ$100,000
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Just six jurisdictions left on EU tax haven blacklist
Liechtenstein and Peru removed from the greylist
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UK regulator shelves contingent charging ban for DB pensions
Industry split as contingent charging likened to commission
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New rules for UK pension transfers
Changes outlined for qualifications, guidance and advice models
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Dubai’s DIFC tightens anti-money laundering rules
New rules target non-financial businesses operating out of the centre
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Chinese superstar hit with $129m tax evasion fine
X-Men actress skewered over so-called ‘yin-yang’ contracts used to avoid paying tax
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Challenge to very first unexplained wealth order dismissed
UK’s National Crime Agency investigating properties worth £22m in south-east England
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Past tax advice cannot justify offshore non-compliance
Reasonable excuse less likely to work as mitigation under failure to correct regime
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Major changes outlined for Hong Kong intermediaries
New fit and proper, continuing professional development and education standards proposed
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Asset managers face legal heat over climate change
Pension funds urged to make climate risk measures public or face litigation
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Pension annual allowance penalties leap to £517m
Record 16,590 people paying penalty on 2016-17 pension contributions