Brits have £570bn in offshore accounts
But not-for-profit claims HMRC has no idea how much is tax evasion
Tax & Technical
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Hong Kong regulator issues warning to investors about NFTs
Firms reminded about licensing rules when marketing the asset as part of a collective investment scheme
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Do top slicing relief rules need a rewrite?
They have been ‘drafted in such a way that it remains difficult to interpret’
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£500m IHT paid in April
‘The need to take advice has never been more important’
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Cyprus targets expats with tax changes
Scheme also incentivises Cypriot nationals to repatriate
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The issue with providing ‘reverse solicitation’ to EU clients
Regulators across the bloc have started to scrutinise the practice by UK advisers
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2.5 million UK adults to be dragged into higher rate tax band
But ‘now have a much bigger incentive to put more money into their pensions’
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EU regulators scrutinise Priips ‘poor practices’
And set out expectations on how information needs to be presented to retail investors
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Pension savers recoup more than £22m in tax
As ‘clunky’ and ‘complex’ system blamed for overpayments
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Shift to residence-based taxation ‘would cost the US nothing’
Campaign group argues that rights recently afforded to companies should be extended to individuals
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Taxman nets £6.1bn in IHT
£700m more than the previous 12 months and frozen bands mean it is set to go even higher
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Trust registration deadline looms
Just over 150,000 have been filed with HMRC in five years