Time slashed for UK property owners to pay capital gains tax
Change will come in force in April 2020, while current rules allow 22 months
Tax & Technical
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Anti-money laundering regulator inundated with reports
With too many ‘low-quality’ submissions undermining enforcement work
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HMRC given power to issue third-party notices globally
After tribunal ruled the UK taxman can demand information from non-residents
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Crown dependencies bow to EU pressure on public registers
Despite fighting UK parliament’s efforts to impose them
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Bermuda fines trust provider over money laundering failures
Firm did not address its ‘deficiencies’ within the timeframe given by the regulator
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US expats in France win tax battle against IRS
They will be refunded overpaid tax that shouldn’t have been charged in the first place
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Ex-UBS employee banned by Singapore regulator
He forged documents and falsified emails on background checks to make clients look tax compliant
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Canada introduces ownership register for private companies
Any ‘individual with significant control’ must be declared – but it won’t be public
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Firms struggle to meet economic substance rules
With clients urged not to go ‘jurisdiction shopping’ to find the most attractive regime
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FCA to focus on liquidity and platforms in light of Woodford
Andrew Bailey says lessons learned from Equity Income suspension could require rule changes
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Time crunch for HMRC to appeal top slicing tax relief ruling
Judgement has ‘widespread consequences’ for financial planners
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Same-sex couple wins Hong Kong tax appeal
British expat married to civil servant will have spousal benefits after landmark case