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HMRC

More dawn raids on tax evaders as HMRC ramps up action

Tax & Regulation | 8 Aug 17

More dawn raids on tax evaders as HMRC ramps up action

Dawn raids on suspected tax evaders by UK authorities are up by a third to 669 over the five years to March, as HM Revenue & Customs steps up its pursuit of white-collar fraudsters, reports the Financial Times.

Hurdles to overcome for ‘unwary’ Britons retiring in the sun

Europe | 8 Aug 17

Hurdles to overcome for ‘unwary’ Britons retiring in the sun

One in ten UK residents over the age of 50 want to retire overseas, with Spain topping the list of the most popular destinations, but they must do their “homework” first.

Paying staff in gold ‘abnormal and contrived’ – UK tax panel

Tax & Regulation | 7 Aug 17

Paying staff in gold ‘abnormal and contrived’ – UK tax panel

Employee incentive arrangements where workers are paid using gold bullion are “abnormal” and not a “reasonable course of action”, according to an independent panel set up to advise the UK government on disputes over potentially abusive tax arrangements.

Asia | 1 Aug 17

Aussie and IoM schemes boost UK Rops list as transfers drop

HM Revenue & Customs’ list of recognised overseas pension schemes (Rops) has grown by 10% on the back of more schemes from Australia and the Isle of Man being added. This rise, however, follows official figures showing that the number of Qrops transfers hit its lowest level for six years last year.

Four reasons why HMRC had a bumper year

Tax & Regulation | 17 Jul 17

Four reasons why HMRC had a bumper year

Latest figures from the UK tax office show that it netted £29bn ($37.6bn, €32.9bn) in the past year just by cracking down on tax evaders, with overall tax coffers up 7% to £580bn in 2016/17. Here’s a breakdown of why HMRC is having a record year in revenues, according to its annual report.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.