Tax & Regulation
Judge not swayed by HMRC tax blunder
A taxpayer who relied on incorrect information published in an HM Revenue & Customs manual to claim tax relief has had his request for a judicial review dismissed, despite the judge agreeing the information provided was wrong.
Offshore chiefs bid to avoid EU blacklist
Island jurisdictions including Bermuda, Jersey, Guernsey and Cayman have been making last ditch efforts to avoid being blacklisted by the EU.
Best Practice | 28 Nov 17
Honest taxpayers in HMRC’s sights
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.
Italian princess to appeal $200m trust fund ruling
An Italian princess is disputing a Jersey Royal Court judgement that she conspired with her film-star mother to secretly direct $200m of family wealth away from her sister.
Best Practice | 28 Nov 17
Red flags to watch out for with HMRC’s ‘pay first’ deterrent
The UK’s HM Revenue & Customs has introduced a pay first, dispute later deterrent to stop aggressive tax planning which has pushed company profits into offshore jurisdictions.