Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
Pinsent Masons
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HMRC opened 25 tax fraud investigations into HNWs in 2022
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
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UAE financial watchdog overhauls fund regulations
As it looks to create an industry ‘dominated’ by locally based products
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UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy
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35% jump in Brits copping to dodging tax on offshore income
Hiding wealth from HMRC ‘gets harder each year’
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202% rise in underpaid tax on crypto holdings
HMRC is ‘actively looking for wealthy individual evaders’
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Surge in crypto fraud reports in the UK
This is the fourth consecutive year cases increased by more than 100%
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HMRC opened 3,600 IHT investigations last year
Generating an extra £254m in tax revenue over the 12 months
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How does updated SCA rulebook impact UAE advice firms?
Is the regulatory landscape set to become more or less complicated?
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19% rise in individuals charged with tax evasion
UK taxman is ‘finally shrugging off the disruption caused by lockdown and turning up the heat’
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Wealthy tax evaders get more time behind bars
‘The perception that rich people who evade tax only get penalties is increasingly untrue’
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How will the new trusts law change the UAE advice sector?
Clients will ‘embrace having their assets protected’ in the country opposed to other ‘offshore centres’