News
Personal Tax
Offshore tax evaders need to be afraid
23 December, 2009
Dave Hartnett, Permanent Secretary for Tax, has warned that offshore tax evaders need to be afraid.
HMRC is re-viewing inheritance tax
14 November, 2009
Prediction by a law firm has it that the HMRC (HM Revenue & Customs) will be clamping down on inheritance tax. This could mean estates will face heavy fines.
HMRC introduces a series of toolkits
12 November, 2009
The toolkits are based on the most common errors seen and will help agents get returns right first time, which will reduce the need for compliance checks.
Switzerland’s commitment to international tax standards
24 June, 2009
Mr. Hans-Rudolf Merz, Switzerland's finance minister, has confirmed the country’s willingness to increase tax transparency by committing to 12 revised double taxation treaties by the end of this year.
Tax havens will not follow Gibraltar lead
18 June, 2009
The decision that Gibraltar has taken to introduce a standard 10% rate of corporate tax for multinational and domestic companies will not be followed by other low-tax jurisdictions.
10% Penalty for voluntary disclosure
02 June, 2009
A 10% penalty for UK taxpayers who voluntarily disclose unpaid tax on accounts held offshore has been confirmed by the HMRC.
Tax Haven Crack Down Demanded by MP’s
02 June, 2009
In order to ensure that poor countries gain the maximum benefit from their own resources, MPs have been urged by government to crack down on offshore tax havens and corruption.
Crackdown on tax evaders in 30 countries
01 June, 2009
The Financial Times has reported that a global crackdown on tax evasion by wealthy individuals was been launched in 30 countries.
Vague Rules on Contractors’ Tax
12 September, 2008
Anne Redston, a professor of tax law at Kings College, was reported as saying that areas around so-called ‘substitution’ clauses are still unclear.
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