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The introduction of a 25% tax charge on pension transfers made to qualifying recognised overseas pension schemes (QROPS) will make a potential route for scammers less attractive, an expert has said. 10 Mar 2017
HM Revenue and Customs (HMRC) collected an additional £5 billion in tax last year after putting more resources into the recovery of tax lost to fraud, according to figures obtained by Pinsent Masons, the law firm behind Out-Law.com. 06 Feb 2017
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) 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 scheme...
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...
Additional income tax collected by a specialist anti-avoidance unit within HM Revenue and Customs (HMRC) increased by 80% last year, to reach £886 million, according to figures compiled by Pinsent Masons, the law firm behind Out-Law.com. 11 Jan 2017
Financial institutions (FIs) in Singapore must establish customers' tax statuses, under the Common Reporting Standard (CRS) that came into force at the start of this year. 09 Jan 2017
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High and Ultra high net worth individuals, non UK domiciled individuals, 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.
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