Tax & Regulation
Messi to swap prison sentence for €255k fine in tax fraud case
Football star Lionel Messi could see his 21-month prison sentence for tax fraud replaced with a €255,000 (£224,313, $285,381) fine, Spanish prosecutors have said.
Tax & Regulation | 23 Jun 17
HMRC faces claims of ‘unlawful’ raid on Newcastle Utd
The seizure of documents from British football club Newcastle United by HMRC tax officials may have been unlawful, a judge has said.
Tax & Regulation | 23 Jun 17
Regulation must be ‘appropriate,’ says advisory body chairman
The incoming chairman of a newly merged trade body for financial advisers in the UK has pledged to fight the industry’s corner in talks with the government and regulators.
Tax & Regulation | 23 Jun 17
UK IFA promoting Brazilian teak scheme enters liquidation
Total Wealth Solutions, which has links to the collapsed Brazilian teak forestry scheme Para Sky Plantation, has entered voluntary liquidation, just months after the UK’s Financial Ombudsman Service (FOS) upheld a complaint against the financial advice firm.
EU’s new tax avoidance law to target Channel Island schemes
Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.