Tax & Regulation
Tax & Regulation | 28 Oct 14
Divorcees top list of tax evasion tip offs
The number of informants being paid by HMRC to provide information about tax evasion has reached a record high, with former spouses coming top of the list for tip-offs, according to City law firm, RPC.
North America | 27 Oct 14
FATCA leads 75 of US expats to
Nearly three quarters of American expats are considering the renouncement of their citizenship following Julys introduction of the absurd Foreign Account Tax Compliance Act (FATCA).
Holborn IFA faces ban and 290k fine in UK
An IFA who is currently employed by Holborn Assets in the UAE is facing a ban and £290,344 fine in the UK, after the FCA found he “recklessly” recommended high-risk investment products to clients.
Tax & Regulation | 17 Oct 14
UK tax gap widens to £34bn
The tax gap has increased to £34bn in the past year according to the latest figure from HM Revenue and Customs, but Baker Tilly’s George Bull has said that HMRC are nonetheless “winning the battle” against tax avoidance.
Tax & Regulation | 17 Oct 14
Global benchmark malpractice trust providers
A minimum benchmark of professional standards for international trust and corporate service providers has been issued for the first time, by the Group of International Finance Centre Supervisors.