Tax & Regulation
Tax & Regulation | 20 Mar 17
UK to ‘raid pensions’ to fund U-turn on self-employed tax hike
The UK Treasury is reportedly considering a fresh raid on pensions tax relief in order to plug a £2bn ($2.47bn, €2.3bn) funding gap after chancellor Philip Hammond was forced to drop national insurance contribution (NIC) increases for self-employed people.
Tax & Regulation | 17 Mar 17
HMRC scores another win in film tax battle
HM Revenue & Customs has extended its run of victories against schemes seeking to exploit tax breaks for the UK film industry.
Swiss court overturns ban on releasing UBS client data to France
Switzerland’s Supreme Court has ruled that the government can comply with a French request for information about a UBS client’s bank account, despite the request probably being founded on stolen data.
Investment | 17 Mar 17
Nicaraguan bamboo fund shut down by IoM high court
An Isle of Man-based fund that convinced 189 people to invest $61m (£49.6m, €56.8m) in bamboo plantations in Nicaragua by promising returns of up to 500% was wound up by order of the Isle of Man high court on Thursday.
Tax & Regulation | 16 Mar 17
HMRC tax avoidance case against Rangers football club ends
HM Revenue & Customs’ seven-year pursuit of Rangers Football Club for aiding and abetting tax avoidance ended on Thursday after two days at the UK supreme court, with a judgment expected within three to six months.