hmrc targets salary sacrifice schemes
HM Revenue & Customs has highlighted that some salary sacrifice schemes are straying close to tax avoidance and could be cover for more complex arrangements.
Tax & Regulation
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thousands of expats caught up in tax
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.
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uae top position most competitive tax regime
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.
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tax justice network again names switzerland
Switzerland has once again been named the world’s most secretive jurisdiction by the Tax Justice Network, a UK-based campaign group.
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cayman formalises tax information deal
The UK has published an intergovernmental agreement to improve international tax compliance with The Cayman Islands.
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avoidance scheme disclosure falls sharply
There was a sharp decline in the number of disclosures of tax avoidance schemes in the latest six months to September 2013, according to official figures from the HM Revenue and Customs.
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highest number of staff leave hmrc in four years
Almost 1,700 employees left HMRC in the last 12 months, the highest number in four years, as the department comes under increased pressure to clamp down on tax evasion.
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jersey incorporates hastings-bass rule
Jersey has enshrined the controversial Hastings-Bass rule into law via an amendment to its trust legislation, in what Jersey Finance has hailed as a “legal first within the international trust’s arena”.
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jersey and guernsey sign fatca agreements
The Channel Islands of Jersey and Guernsey have signed 'intergovernmental agreements' on the automatic exchange of tax information with the UK, adding to existing provisions that currently provide for information to be exchanged between the authorities of the two Crown Dependencies and the United Kingdom.
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hmrc tightens pension transfer regs in scheme
HM Revenue & Customs today unveiled changes in the way pension schemes are to be registered and transferred, as part of a bid to crack down on so-called pension liberation schemes.
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hmrcs tax haul jumps 40 boosted by investigations
The amount of additional tax recovered by HM Revenue & Customs following investigations into personal tax returns has increased by almost 40% since last year.
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gibraltar tax regime to face in depth
The European Commission has opened an “in-depth investigation” into whether a corporate tax regime Gibraltar implemented in 2011 “selectively favours certain categories of companies, in breach of EU state aid rules”.