Tax & Regulation | 16 Dec 16
Celebrities face HMRC £50m tax clawback on empty data centres
Millions of pounds in tax relief given to celebrities such as England footballer Wayne Rooney and British comedian Jimmy Carr is being clawed back by HM Revenue and Customs (HMRC).
ANALYSIS: Out-of-step Alliance Trust divides analysts with review
Rumblings of restructure have been ongoing at Alliance Trust for many years. But those looking for seismic shifts from the investment trust’s much anticipated strategic review, are liable to have been disappointed on Thursday.
EU eyes tax evasion law amid ‘Football Leaks’ scandal
The European Commission is set to unveil a new law next year aimed at fighting tax evasion following media reports accusing football stars of using tax havens to hide millions of euros in earnings.
Retirement | 15 Dec 16
Providers voice concerns on limits to UK pension transfers
The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.
Urgent Brexit deal needed to save 200,000 UK finance jobs
One of Britain’s most prominent Brexit committees has warned that tens of thousands of financial services jobs could be lost to continental Europe by next year if ministers do not agree a deal on single market access with the EU.
