EU hits out at US for ‘lack of reciprocity’ under Fatca
As Accidental Americans try to stop the Netherlands from sharing data with the United States
Tax & Technical
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FCA injects £11m into fight against investment scams
Consumers lost £570m to fraudsters in 2020-21 alone
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Financial planning fail sees Brits pay £280m in extra IHT
Estates could have avoided the tax bill if they had put life insurance policies into a trust
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Malta not going after Pilatus clients for now
They are not seen as priority targets by the police
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Tax advisers under HMRC investigation for aiding evasion
It is ‘determined to clamp down hard on anyone who aids in tax crimes, not just the perpetrator themselves’
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BNO passports issued to nearly 500,000 Hong Kongers in 2 years
As 75% of HK advisers receive more queries from clients about offshore investing and relocating
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FCA eyes faster removal of unused permissions
But watchdog cautioned against being ‘too heavy handed’
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Pensions triple lock quietly shelved for 2022/23
As prime minister tacks 1.25% tax onto share dividends
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Film investment scheme reaches settlement with HMRC
Investors will now not need to pay £1.6bn in ‘dry tax’
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Accidental Americans fundraise for latest US legal action
In a bid to force American embassies to resume processing citizenship renunciation requests
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‘Large tax bills’ to hit savers without LTA protection
So far, over 300,000 people have applied to HMRC to safeguard against changes
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19% rise in individuals charged with tax evasion
UK taxman is ‘finally shrugging off the disruption caused by lockdown and turning up the heat’