bvi and gibraltar sign tax info agreements
The British Virgin Islands, Gibraltar, Montserrat, the Turks and Caicos Islands and Bermuda have signed tax information sharing agreements with the UK Government.
The British Virgin Islands, Gibraltar, Montserrat, the Turks and Caicos Islands and Bermuda have signed tax information sharing agreements with the UK Government.
UK residents with assets of more than £325,000 are not the only ones who might be concerned that the UK’s inheritance tax threshold is failing to keep pace with inflation: expats, for example, ought to be studying the matter as well.
Leaders of the UK’s overseas territories have formally stated that they will continue to “play a full part” in tackling tax evasion and fraud, at a summit in London.
HM Revenue & Customs has today released new guidance on the transfer of pensions to schemes "included on the QROPS list", which addresses issues raised in the landmark ROSIIP case.
Guernsey’s Financial Services Commission has fined Generali Worldwide Insurance Company £150,000 for what it said were “failings in systems and controls” that occurred between 2008 and 2010.
Bermuda, the UK overseas territory known for its specialist expertise in insurance, has signed a “Model 2 UK FATCA” intergovernmental agreement with the UK.
A Manchester tribunal has ruled that a Cheshire couple who moved to Portugal more than 10 years ago are still classified as UK residents, leaving them liable for a £600,000 tax bill.
The Isle of Man was among only a handful of countries reviewed by the OECD deemed to be compliant with its principles of tax transparency.
HM Revenue & Customs has highlighted that some salary sacrifice schemes are straying close to tax avoidance and could be cover for more complex arrangements.
UK chancellor George Osborne is expected to announce that capital gains tax will be charged on British property sold by overseas nationals and expats, the Daily Telegraph of London is reporting today.
The United Arab Emirates continues to have the most competitive business tax regime in the world, according to PwCs latest report on jurisdictions around the world.
Switzerland has once again been named the world’s most secretive jurisdiction by the Tax Justice Network, a UK-based campaign group.