News
Best Practice | news 6 Mar 18
HMRC fires warning shot at offshore tax dodgers
Time is running out for anyone with undeclared offshore assets before tougher penalties kick in giving HM Revenue & Customs more time to investigate when people have failed to declare the right amount of tax.
Best Practice | news 6 Mar 18
First unexplained wealth orders issued in £22m case
The UK’s National Crime Agency has secured the first unexplained wealth orders to uncover if two properties are ultimately owned by a politically exposed person, less than a month after the legislation was introduced.
North America | news 6 Mar 18
US Apple tax could snare expats, warns IFA
US expats need to make sure they are not liable for a Trump tax aimed at multinationals hoarding cash outside America, Brussels-based financial adviser Brian Dunhill has warned.
New Zealand considers wealth tax and foreign ownership limits
New Zealanders could face a wealth tax and a broader capital gains tax if plans being considered by a tax working group are pushed through.
Best Practice | news 6 Mar 18
Law firms an ‘obvious target’ for money launderers
Six law firms are being investigated for money laundering failures, prompting the Solicitors Regulatory Authority (SRA) to warn lawyers that they need to do more.