hmrc tax probes yielded says uhy hacker young
HMRC gained an extra £16.9bn in tax through investigations into avoidance and evasion, a record amount according to UHY Hacker Young.
Tax & Regulation
-
-
FSA warns against traded life policies
The FSA has issued a warning against traded life policy investments, saying they should not be promoted to UK retail investors because they are unsuitable for the bulk of them.
-
details of uk residency test seen
Advisers and those of their clients who consider themselves non-resident in the UK for tax purposes are looking forward to knowing, within the next week, the details of the Governments first comprehensive legal definition of residency.
-
tax justice network launches anti tax haven
Tax Justice Network, a UK-based anti-tax haven organisation, has launched a campaign aimed at calling public attention to the impact low- and no-tax jurisdictions have on the lives of people living in higher tax countries.
-
european parliament calls for mifid feedback
The European Parliament has published a questionnaire calling for feedback from the industry on the European Commissions proposals for changes to the MiFID regime (MiFID II).
-
hmrc launches special tax cheat unit
HM Revenue & Customs has established a new specialist unit targeting those dodging UK taxes by using offshore accounts.
-
fsa warns of bogus sarasin firm
The Financial Services Authority has issued a warning against an unauthorised firm believed to be cloning Sarasin & Partners.
-
study group recommends anti tax abuse rule
A government study group has, after an eleven month review, recommended that the UK government introduces a narrowly focused general anti tax abuse rule, but not a general anti-avoidance rule.
-
hmrc adds meaningful connection clause
HM Revenue & Customs has added a requirement that individuals looking to use the Liechtenstein Disclosure Facility provide greater proof that they have a meaningful connection to a Liechtenstein than was previously necessary.
-
us expats hold uncitizenship event in canada
What is said to have been the first citizenship renunciation meeting ever held in Canada took place at the US consulate in Toronto last month, as some 22 Americans sought to end once and for all the hassle of being a US expat, the Canadian Globe and Mail reported yesterday.
-
american citizens abroad continues to pressure IRS
American Citizens Abroad, a Geneva-based organisation which represents expatriate Americans around the world, is continuing to push publicly for a relaxation of the US tax authorities recent, rigid and punitive treatment of US expats who have failed to report the existence of their overseas bank accounts.
-
immunity offered under swiss uk tax deal worthless
An immunity from prosecution offered by the UK government and which underlines the Swiss-UK tax deal is not worth the paper it is written on, according to a leading tax investigation specialist and commercial law firm.