How to help clients as HMRC cracks down on overseas assets
‘International data sharing and anti-money laundering regulations are only likely to get tighter’
HMRC
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3,500% rise in assets frozen by City of London Police
HMRC also seized £29m in the first 10 months of 2020/21
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Greater leniency for UK tax avoiders on the cards?
It is a ‘significant opportunity’ for investors who may pay HMRC ‘less than they strictly owe’
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HMRC to demand crypto data from people under investigation
As it gears up to crackdown on tax evasion and avoidance involving digital assets
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Does the tax advice sector need mandatory PI insurance?
Standards are ‘typically high’ but ‘issues can arise within a minority of mainly smaller firms’
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Life companies exempted from UK property fund CGT charge
Quilter International CEO says it’s ‘music to much of the industry’s ears’ but ‘not out of the woods yet’
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Pension firm sets aside £3m over lifetime allowance failures
It is the ‘group’s best estimate’ of the future HMRC tax penalty
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Ex-UBS employee sues bank over film tax scheme losses
Claims that he was told the investment would be ‘safe as houses’
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IHT refunds reached six-year high in 2020
‘More people are becoming aware they can reclaim overpaid inheritance tax’
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UK inheritance tax receipts up £100m
Despite taxman facing covid-related payment issues
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Relief as UK advisers exempt from EU cross-border tax reports
But likely equal measure of frustration for firms that had to work towards adopting the directive
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UK tax adviser jailed after ‘guilty’ fraud plea
He conned a client out of more than £45,000