UK taxpayers hoping to take advantage of the Liechtenstein Disclosure Facility tax amnesty scheme will have to deposit at least a fifth of their assets in a Liechtenstein institution, or CHF3m ($3.13m, 2.5m, £1.98m), from 1 Sept onwards, International Adviser has learned.
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
A heavyweight committee of the UK parliament is calling for the introduction of a British version of a key aspect of the proposed US FATCA legislation.
HM Revenue & Customs, in what is perhaps its latest attempt to clamp down on tax avoidance, has announced plans to visit around 80 or 90 tax agents whose client tax filing or tax payment it deems to have fallen outside the range it would normally expect to see.
HM Revenue & Customs has launched a new school module for teachers of teenage children in the UK, which some argue promotes the idea of children spying in their community for tax dodgers.
Jersey lawmakers next month will debate a package of four proposed amendments to the islands bank depositors compensation scheme, which Jerseys Economic Development Department said would bring the scheme into line with developing international standards.
HM Revenue & Customs has claimed a £200m tax avoidance victory today, after revealing details of three significant court cases it won last month.
David Treitel, a London-based US- and UK-qualified tax specialist, has struck out on his own with a new firm that specialises in helping American citizens, as well as advisers with American clients, who need help navigating the increasingly complex US tax landscape.
UK tax officials have published names and photographs of its top 20 list of most wanted tax fugitives, and has called on the public to help catch them.
Law firm Withers Worldwide explains the recent FACTA agreements signed between the US, France, Germany, Italy, and Spain and highlights a number of key questions the agreements raise.
Tax penalty notices are being sent to about 500,000 UK taxpayers this week, asking for payment of at least £1,200 for failing to submit their self-assessment tax returns.
Olympic champion Usain Bolt has said he would make appearances in the UK more often if the countrys tax laws were not as costly.
