Home Tags HMRC

Tag: HMRC

The list below is a collection of articles that refer to, mention or discuss HMRC or HM Revenue & Customs

New QROPS Launch In Malta And Gibraltar

Wealth management firm Sovereign has announced the launch of a new Qualifying Recognised Overseas Pension Scheme (QROPS) based in Malta. The firm is also offering...
Celebrities And Big Firms Trapped By The Tax Factor

Celebrities And Big Firms Trapped By The Tax Factor

The public backlash against celebrities and big firms managing their tax to pay less is gathering pace as US investment bank JP Morgan is...

Investing £10,000 In A SEIS Risks Just £200 Of Your Cash

High earners looking for a way to offset an investment against tax should look at a little known scheme which delivers up to 98%...
Isle Of Man Signs FATCA Style Deal With UK

Isle Of Man Signs FATCA Style Deal With UK

The Isle of Man has agreed to hand over financial information about account holders in a ground-breaking deal with the British tax man. And Jersey...
Lies

Sham Companies Cost British Taxpayers £4 Billion A Year

Tax management specialists are helping wealthy individuals and companies avoid paying around £4 billion a year tax with sham companies fronted by nominee directors. The...
UK FATCA

British FATCA On The Way, Claim Offshore Finance Centres

British Crown Dependencies have revealed officials have already met with the government to discuss a UK FATCA like tax agreement. Now, officials from several dependencies,...

HMRC Puts QROPS Small Print Under Scrutiny

The British tax man, HMRC, may not talk about policing QROPS the expat pension schemes much, but behind-the-scenes seems to be carrying an international...
Autumn Statement 2012: No Relief for Wealthy Taxpayers

Autumn Statement 2012: No Relief for Wealthy Taxpayers

Chancellor George Osborne continued his attack on wealthy taxpayers in his Autumn Statement 2012 by laying out his plans to crack down on tax...
Gifts With Strings Attached Aren’t Really Gifts

Gifts With Strings Attached Aren’t Really Gifts

If you give away money or other possessions to someone else, you would think that would be the end of it – but a...
British FATCA is not on the way – despite the rumours

British FATCA is Not on the Way – Despite the Rumours

It’s a move that would almost certainly deal a fatal blow to Britain’s tax havens, but the UK government says it has no plans...

Gibraltar QROPS Between a Rock and a Hard Place

A behind-the-scenes battle for the hearts and minds of expat pension savers is waging in the Mediterranean as Gibraltar and Malta grapple for market...

Seed Enterprise Investment Scheme Update

Entrepreneurs looking at exploiting opportunities using the Seed Enterprise Investment Scheme (SEIS) are being advised on how to properly set up their company to...
Executive Pay Under Scrutiny in Quest For Unpaid Tax

Executive Pay Under Scrutiny in Quest For Unpaid Tax

HMRC investigators are delving in to the financial past of company directors and executives from some of the UK’s biggest firms in a bid...
MPs Should Be in the Tax Stocks Not the Executives

MPs Should Be in the Tax Stocks Not the Executives

Multinational companies are under fire for managing their taxes in such a way that they can pay the least possible – but the wrong...
Swiss Bank Secrecy Tax Row Rolls On

Swiss Bank Secrecy Tax Row Rolls On

Taxpayers with undeclared income and assets in Switzerland have reached the point of no return with HM Revenue & Customs. From January 1, 2013, they...

EBT Ruling Hits Thousands of Banking Staff

Around 2,000 British employees of the US bank JP Morgan must pay income tax and national insurance contributions dating back to 2005 after falling...
Wiggins Back Pedals on Investing in ‘Abusive’ Tax Scheme

Wiggins Back Pedals on Investing in ‘Abusive’ Tax Scheme

Cycling champion Bradley Wiggins is the latest celebrity to withdraw from a tax management scheme after criticism in the media. Wiggins, one of the British...

Pensioners Pay Out £111,400 in Tax During Retirement

The average pensioner shells out £111,400 in direct and indirect taxes in retirement - that’s income tax, VAT, council tax and a horde of...

Picking the Right QROPS Pension as an Expat

Picking the right expat pension means living wherever you like in the world while still minimising your tax and escaping retirement saving restrictions in...
Overseas Property Owners Targeted by UK Tax Man, HMRC

Overseas Property Owners Targeted by UK Tax Man, HMRC

Overseas property owners are warned to be on their guard against increased scrutiny of their tax returns for under declared rent. Accountancy group UHY Hacker...