identify you. If you continue to use this site we will assume that you are happy
If you want to use the sites without cookies or would like to know more, you can do that here.
Select regions whose content you would like to see
UK taxpayers that 'fail to correct' historical tax irregularities from their offshore investments and accounts could face penalties of up to three times the unpaid tax, under plans put forward for HM Revenue and Customs (HMRC). 26 Aug 2016
Non-domiciled taxpayers who choose to 'de-envelop' UK properties that they own through offshore companies once the government removes the inheritance tax (IHT) advantages of such structures will not benefit from any transitional protections, the Treasury has... 24 Aug 2016
The Common Reporting Standard (CRS) is a way for countries to automatically exchange tax information that has been developed by the Organisation for Economic Cooperation and Development (OECD).
The Contractual Disclosure Facility (CDF) is part of a drive in recent years by HM Revenue & Customs (HMRC) to 'crack down' on tax evaders and "close the tax gap". The CDF is the newest incarnation of Code of Practice 9 – a process which is used...
HM Revenue & Customs (HMRC) now has the power to require payment of tax upfront, before a dispute about the efficacy of a tax scheme has been settled by the courts. It can also require payment of tax where it has succeeded in the courts against another...
This guide was last updated in March 2015. The disclosure facilities covered by this guide came to an end on 31 December 2015, so this information is for historical interest only.
This guide was updated in April 2016
The statutory residence test (SRT), was introduced in 2013. It is designed to give taxpayers greater certainty and clarity as to whether or not they are UK-resident for tax purposes and therefore whether or not they are subject to UK income tax and capital...
Proposals for tough new penalties for accountants, tax planners and advisers who provide "advice on how to avoid tax" could capture traditionally accepted tax planning, as well as genuinely abusive arrangements, an expert has warned. 18 Aug 2016
A Scottish court has refused an application for rectification of a trust deed, on the grounds that the deed as drafted was capable of winding up the trust as intended. 15 Aug 2016
Join My Out-Law
Already signed up to My Out-Law?
High and Ultra high net worth individuals, non UK domiciled indviduals, shareholders and their trustees and family foundations all need to be able to manage their tax affairs to best effect for their businesses, their families and themselves.
More about Private Wealth Tax
Partner - Head of Tax, Litigation and Regulatory