HMRC
Tax & Regulation | 30 Sep 16
HMRC data sharing deal with Crown dependencies goes live
A new data sharing agreement has officially come into force with the HM Revenue and Customs (HMRC) expected to be handed the details of hundreds of thousands of offshore accounts on Friday as part of a move for wider transparency from the Isle of Man, Jersey, Guernsey and the Cayman Islands.
Tax & Regulation | 26 Sep 16
HMRC wins latest battle against adviser’s £916m tax-dodging scams
The UK tax office has won its tenth legal case against a serial tax avoidance promoter, NT Advisors, after it was found guilty of circulating payments for no other reason other than to generate tax deductions.
Tax & Regulation | 22 Sep 16
Bahamas files leak exposes former EU official’s links to offshore firms
A new cache of 1.3 million documents from the Bahamas has exposed the use of offshore shell companies by the former EU competition commissioner Neelie Kroes and UK politician Amber Rudd.
HMRC rakes in £126m from lifetime allowance penalties
HM Revenue & Customs has reported a significant rise in the number of British savers breaching the lifetime pension allowance (LTA) over the past year, collecting £126m ($163m, €146m) in additional tax revenue between 2015/16, up 38% from £78m the previous year.
Tax & Regulation | 6 Sep 16
HMRC sets date for UK VAT charge on international insurers
New UK VAT rules are set to hit Gibraltar and Channel Islands based insurers when they are introduced on 1 October.