HMRC
Best Practice | 10 Oct 17
Not all trusts need to register clarifies HMRC
HMRC has issued new guidance for users of its online trust registration service and confirmed the circumstances in which offshore trusts do not need to register.
UK to take £5bn hit as non-doms head for the exit
UK Government coffers could shrink by £5bn ($6.7bn, €5.7bn) if the rising numbers of non-doms thinking about leaving the UK permanently go through with it, accountancy firm Moore Stephens has found.
Accelerated payment demands net £1.3bn for HMRC
The UK taxman raked in 21% more cash from accelerated payment notices (APNs) in 2016/17, netting HM Revenue & Customs £1.3bn ($1.76bn, €1.47bn) from individuals and small businesses.
PEOPLE MOVES: HMRC, Deloitte, StanChart
HMRC’s most senior tax professional is to retire, while Deloitte has poached a senior commissioner from the US Internal Revenue Service, and Standard Chartered Private Bank has hired two veteran private bankers in Asia.
Abusive tax schemes face bigger penalties
The UK Government’s latest finance bill includes new penalties targeting advisers who ‘enable’ the use of tax avoidance schemes.