HMRC denies plans to charge IHT before death
HM Revenue & Customs has denied claims it plans to collect IHT from an estate before the individual has died.
Tax & Regulation
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30000 could face HMRC threats
Over 30,000 tax avoiders could receive HM Revenue & Customs threats of bankruptcy over contentious tax starting from as early as this month, says a leading tax law firm.
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Gibraltar must prepare for FATCA or risk
Gibraltar’s financial community must immediately prepare itself for FATCA or it risks getting caught up in the legislation’s strict international net, says an authority from the jurisdiction.
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FCA sees cross-border rise
Requests to the UK’s Financial Conduct Authority from international regulators increased last year as a result of more cross-border investigations.
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ASIC targets Australia’s financial literacy
The Australian Securities and Investments Commission (ASIC) has introduced a new strategy which aims to improve financial literary throughout the country.
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Tax expert calls for HMRC to ease off
A leading tax expert has called for HM Revenue & Customs to “ease off and stop being pedantic” over tax avoidance schemes and instead give investors an opportunity to “get on with their lives” and settle their owed tax.
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Chewing the FATCA 10 commonly asked
Dalila Ver Elst, senior compliance officer at Maitland, answers 10 frequently asked questions about the implications of the Foreign Account Tax Compliance Act.
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Lionel Messi accused of using UK
Spanish prosecutors have alleged that Barcelona footballer Lionel Messi avoided paying £3m in tax through the use of UK firms.
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IHT receipts leap as experts warn
Inheritance tax paid to the UK Government jumped by nearly 10% in the last year, as the amount levied from estates reached £3.4bn.
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Fears aggressive HMRC may target offshore bonds
The UK Governments continued aggressive stance towards tax avoidance and the blurring of its distinction between avoidance and evasion has raised concerns that more mainstream legitimate tax mitigation tools could come under increased scrutiny.
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FATCA seen as an opportunity not a burden
Contrary to common perception, many wealth management firms in the UK are embracing the controversial Foreign Account Tax Compliance Act (FATCA) legislation, which began its implementation on 1 July, with some carving out a niche specifically advising orphaned American clients.
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Green compares FATCA to communism in new video
Nigel Green has compared FATCA to communism and said American expatriates are furious at being discriminated against by the US government.