Tax & Regulation
Tax & Regulation | 21 Jul 15
Serious Fraud Office plans budget cut of 35% despite rise in inquiries
The Serious Fraud Office is to cut its budget by 35% over the next financial year, despite a rise in the number of new investigations opened during 2014-15.
Tax & Regulation | 20 Jul 15
Time for FCA to refocus on fraudsters, says RPC
The surprise departure of Martin Wheatley as head of the Financial Conduct Authority could be an opportunity for the UK regulator to refocus activity on small-scale fraudsters who target the unsophisticated retail investor, says City law firm RPC.
Tax & Regulation | 20 Jul 15
New UK offshore tax laws must prove criminal intent – CIOT
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation (CIOT).
Tax & Regulation | 16 Jul 15
HMRC to step up sanctions against offshore tax evasion
HM Revenue and Customs has announced plans to toughen up penalties for offshore tax evasion, and is looking at a new corporate criminal offence for failure to prevent the facilitation of evasion.
Tax & Regulation | 16 Jul 15
UK Gov’t to tighten salary rules to enforce pension taper
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.