Fresh HMRC attack on tax evasion should ‘start with amnesty’
HM Revenue & Customs must issue one final amnesty for tax evaders to come clean about their financial affairs as part of a “concerted attack”, a leading tax firm expert has said.
Liechtenstein Disclosure Facility
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Brazil nets $15.7bn in tax amnesty
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.
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Argentina offers new tax amnesty
In a bid to capture undeclared funds and assets from Argentines at home and overseas, Argentina’s national government has confirmed that it will offer a new tax amnesty this year.
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HMRC tax dispute specialist joins global alliance of lawyers
London-based international law firm Edwin Coe has become a member of a global alliance of lawyers spread across 41 countries.
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HMRC targeting HSBC Jersey clients for voluntary disclosure
HM Revenue & Customs said it has sent letters to customers of HSBC Jersey advising them to sign a declaration that they do not owe any UK tax on their offshore assets, placing some customers between the proverbial rock and the hard place.
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City lawyer urges proactivity as LDF cut-off looms
Roughly 40% of those enjoying the tax amnesty available through the Liechtenstein Disclosure Facility (LDF) only did so following unrelated HMRC enquiries.
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Liechtenstein and EU sign tax transparency agreement
Liechtenstein and the EU Commission have signed an agreement on the automatic exchange of information (AEOI), which will ensure greater transparency and cooperation between tax authorities.
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Tax strategies: Liechtenstein Disclosure Facility
The Liechtenstein Disclosure Facility (LDF) has been with us for nearly six years. It now only has a limited shelf life as it is due come to an end at the end of 2015, which is earlier than was previously planned.
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Four in five accountants leaving clients in dark over LDF
Just 19% of accountants have informed their clients about the Liechtenstein Disclosure Facility despite the beneficial programme being withdrawn in December, a survey has revealed.
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Your cut out and keep guide to the
A cut-out-and-keep guide to the Liechtenstein Disclosure Facility, outlining 10 of its most important aspects.
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HMRC to miss target unless LDF
The Liechtenstein Disclosure Facility (LDF) must see a “dramatic” influx in declarations or HM Revenue & Customs will fail to meet its £3bn target, says a leading tax specialist.
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Italy to introduce unique tax
Italy is to introduce a remarkable voluntary disclosure programme with the aim of urging taxpayers to declare foreign undisclosed assets and funds.