Tax & Regulation
Middle East | 21 Dec 15
Dubai’s DFSA orders MAS ClearSight to pay investor compensation
The Dubai Financial Services Authority (DFSA) has censured investment banking advisory firm MAS ClearSight and directed it to pay compensation of $3.2m (£2.1m, AED12m) to 20 investors for contravening the DFSA’s law and rules.
Tax & Regulation | 21 Dec 15
IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Tax & Regulation | 17 Dec 15
Experts warn of new rules crackdown by HMRC
Experts are predicting a significant hike in HM Revenue & Customs penalties as it turns the spotlight on undeclared financial accounts after 1 January next year.
Tax & Regulation | 17 Dec 15
Osborne to appoint new FCA chief executive soon
Chancellor George Osborne is expected to name the new chief executive of the UK’s Financial Conduct Authority (FCA) within the next few weeks.
Tax & Regulation | 17 Dec 15
Tax fraud costs UK government £16bn a year
HM Revenue & Customs loses billions each year as a result of fraud and needs to improve its use of data and analysis to tackle tax fraud, the hidden economy, and criminal attacks, according to a new report.