Tax & Regulation
Tax & Regulation | 14 Dec 15
HMRC targeting HSBC Jersey clients for voluntary disclosure
HM Revenue & Customs said it has sent letters to customers of HSBC Jersey advising them to sign a declaration that they do not owe any UK tax on their offshore assets, placing some customers between the proverbial rock and the hard place.
Tax & Regulation | 11 Dec 15
IFA and tax promoter guilty of film tax fraud
An IFA and an accountant have been convicted of attempting to steal millions in a tax fraud linked to the film industry.
Tax & Regulation | 11 Dec 15
Spain to erase Isle of Man from tax haven blacklist
The Isle of Man is set to be removed from a tax haven blacklist of jurisdictions established by Spain in 2006, after the crown dependency revived its ‘redundant’ bilateral tax agreement strategy.
EU launches new inquiry into retail financial services
The European Commission is to look at ways to improve choice, transparency and competition in retail financial services across its 28 member states, which could potentially result in new guidelines or initiatives by the middle of next year.
Tax & Regulation | 10 Dec 15
UK Gov’t to enforce advice requirement on annuity sales
The UK government has announced plans to make it mandatory for investors holding a sizeable annuity to seek financial advice before selling out of their scheme.