Accountants and their clients restless as NDO confirmations slow to materialise
UK accountants whose clients have filed NDO disclosures say they have received few confirmations.
HMRC
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HMRC to withdraw 55% penalty for pension transfers
HMRC is bringing forward legislation to stop unauthorised payment charges on pension transfers.
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Gibraltar QROPS administrators await HMRC/Gib Govt pow-wow
Gibraltar’s QROPS trustees are awaiting a meeting between the Revenue and Gibraltar’s government.
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Liechtenstein Parliament LDF vote expected this week
Liechtensteins Parliament is expected this week to unanimously approve a key piece of legislation.
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Three-quarters of UK football clubs are offshore
Almost three-quarters of UK premier League football clubs are based in offshore tax havens.
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KPMG: Aggressive revenue approach to non-dom tax returns could cause UK exodus
Tax specialist KPMG has warned if the Revenue adopts an unduly aggressive or suspicious approach to tax returns due from non-doms at the end of this month it could cause many to leave the UK
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Redknapp charges a deterrent say tax experts
The charges brought against Tottenham Hotspur manager Harry Redknapp for tax evasion via an offshore account are a warning to those who continue to hide money from the UK authorities say leading tax e
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Tax advisers criticise HMRC for low NDO response rate
The 10,000 responses submitted to HMRC under the New Disclosure Opportunity which shut on Thursday 4 January is disappointingly low, say leading tax experts…
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HMRC: 10,000 take up NDO
HM Revenue and Customs has revealed around 10,000 people have notified them of their intention to disclose undeclared offshore income and gains under its new disclosure opportunity (NDO)…
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Gibraltar reaches deal with UK government over Qrops
The UK Treasury has agreed to recognise Gibraltar Qrops, following high level talks between Treasury officials and Gibraltar chief minister Peter Caruana, sources told International Adviser. A spokesm
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Tax evaders can now disclose online, says HMRC
HMRC has warned tax evaders they face “much higher penalties” and “full investigation” if they fail to come forward under the New Disclosure Opportunity (NDO), through which fines in most cases will b
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HMRC issues fresh guidance on Liechtenstein
HMRC has issued fresh guidance over the suitability of using the Liechtenstein Disclosure Facility (LDF) versus New Disclosure Opportunity (NDO) after complaints that a lack of clarity could lead tax