Tax & Technical | 22 Aug 12
time apportioned reduction changes
Last week, HMRC published a consultation to propose changes to the time apportioned relief tax regime. Here Prudentials Gerry Brown explains what the revenue has set out to do.
Tax & Regulation | 22 Aug 12
hmrc to visit up to 90 tax advisers
HM Revenue & Customs, in what is perhaps its latest attempt to clamp down on tax avoidance, has announced plans to visit around 80 or 90 tax agents whose client tax filing or tax payment it deems to have fallen outside the range it would normally expect to see.
People Moves | 22 Aug 12
kleinwort benson makes senior hires
Kleinwort Benson has made two senior appointments to its Guernsey-based banking team.
United Kingdom | 22 Aug 12
end free banking says jersey finances cook
Jersey Finance chief executive Geoff Cook has proposed that the banking industry put an end to so-called free banking services, as part of a seven-point plan he believes would help to “rebuild public trust in banks, while at the same time creating a sustainable banking model.
merrill lynch fined hk3 5m for regulatory failings
Global banking giant Merrill Lynch has been fined HK$3.5m ($450,000, £290,000) by the Hong Kong financial regulator over a fraud committed by one of its former employees.