tax amnesty in spain closes this month
A tax amnesty in Spain offering people with undeclared taxable assets the opportunity to pay a flat 10% levy, without facing criminal or administrative penalties, is due to close at the end of this month.
Tax & Regulation
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hmrc publishes swiss uk tax agreement
HM Revenue & Customs have posted a factsheet on the new Swiss/UK tax cooperation agreement, in an effort to ensure UK taxpayers and their advisers are aware of what to expect when it comes into effect on the first of January.
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uk sixth highest tax burden in world
The UK has the ninth highest tax burden on those earning $200,000 per year and the sixth highest for those earning $1.5m, according to a new report based on analysis of 26 countries.
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guernsey unveils rdr consultation
Guernsey is asking islanders and island business leaders whether it should adopt a Retail Distribution Review similar to that about to take effect in the UK.
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angry spouses grass to hmrc
HM Revenue & Customs is increasingly turning to the use of informers, including former spouses, to increase tax revenue, according to UK-based law firm RPC.
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european commission pressures UK
The European Commission is putting pressure on the UK to review “discriminatory” rules which mean that transfers between domiciled and non-domiciled spouses are subject to inheritance tax.
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hmrc more than doubles revenue
HM Revenue & Custom’s increasingly aggressive approach to tax avoidance has led to a 64% rise in the revenue it generated from investigations into self assessment tax returns in the 2011-2012 tax year.
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further deadline extensions unlikely for fatca
It is unlikely that there will be any further extensions or delays in FATCA deadlines following last week’s extension announced by the US authorities, according to international law firm Withers.
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iom regulator spells out pension transfer advice
The Isle of Man’s financial regulator has underlined the importance of getting it right when it comes to advising on the tricky area of pension transfers by issuing a new set of guidance notes.
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fatca launch dates delayed
America's tax authorities have delayed the starting dates of key parts of FATCA for those non-US financial institutions in countries not covered by an intergovernmental agreement with the US.
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tax avoidance probe being considered by uk mps
The House of Commons’ public accounts committee in the UK is considering an inquiry into international tax avoidance, according to a report in the Financial Times.
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high profile culprits of 08 crisis jailed
Societe Generale’s high profile rogue trader Jerome Kerviel lost an appeal against fraud charges in France yesterday as across the pond ex-McKinsey and Goldman Sachs director Rajat Gupta was found guilty of feeding tips to a friend outside the firm.