Tax & Regulation
North America | 19 Dec 16
Harlequin Property enters receivership as resort is shut
Harlequin Property SVG, the land-owning unit behind the £400m ($509m, €454m) overseas property scheme facing ruin, has entered interim receivership while its flagship resort has closed after the electricity was disconnected.
Best Practice | 19 Dec 16
Guidance body plans leave UK advisers no better off
UK financial advisers will not receive support from the financial guidance body that will be created through the amalgamation of the Money Advice Service (MAS), The Pension Advice Service (TPAS), and Pension Wise.
Best Practice | 19 Dec 16
UK taxman sends thousands of APNs ‘in error’
HM Revenue & Customs has withdrawn 4,300 accelerated payment notices (APNs), meaning that one in 14 of the 60,000 upfront tax payment requests has been sent in error, says accountancy firm Moore Stephens.
Arsenal footballer’s house ‘seized’ by Spanish tax authorities
Arsenal forward Alexis Sanchez has had his luxury four-bed house seized in Spain amid an ongoing tax investigation, with the Spanish authorities claiming he owes them €3.7m (£3.12m, $3.8m) in unpaid taxes.
Two-week jail term and $7k fine for ex-BSI banker in 1MDB case
Former BSI Singapore director Yvonne Seah has been sentenced to two weeks in prison and fined S$10,000 (£5,553, $6,943, €6,632) as part of the investigation into 1Malaysia Development Bhd (1MDB).