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Much Ado About Nothing

This year’s Autumn Statement turned out to be particularly non-eventful from a tax perspective.

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HMRC turn up the heat

HMRC are busy reminding taxpayers with Swiss accounts that they only have until 1 January to make a full disclosure of their Swiss assets. The rather stark alternative is to suffer the one-off ...

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Whistleblower reveals offshore HSBC accounts

According to a report in the Daily Telegraph, HM Revenue and Customs (HMRC), the UK tax authorities, have obtained details of every British client of HSBC in Jersey after a whistleblower secretly ...

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JP Morgan EBT - settlement with HMRC draws closer...

As has long been suspected, JP Morgan have been in talks with HMRC to settle their protracted dispute concerning the bank's EBT structure.

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Tap in the Press!

Heather considers how the abolition of Extra Statutory Concession C16 (which allowed certain business owners to wind up their companies and extract the cash as capital rather than dividends without ...

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Avoid late filing and payment penalties

It was well publicised that HMRC expected a windfall of up to £600 million as a result new late filing rules introduced last year. The new rules resulted in penalties being charged, even if taxpayers ...

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Pension annual allowance charge

The annual allowance rules which took effect from 6 April 2011 lowered the maximum annual amount that an individual can contribute into his or her pension savings whilst benefiting from higher rate ...

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A Harsh Climate - HMRC windfall from new penalties

HMRC have announced a massive £600million windfall from individual taxpayers failing to submit their 2010-11 tax returns on time. Our previous blog highlighted the harsh new penalty regime, and it ...

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Reform of UK anti-avoidance rules

It is often said that the UK’s current anti-avoidance rules for “offshore” structures are inconsistent with EU law, and it comes as no surprise that HMRC have published a consultation document ...

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Going global

The majority of businesses now have an international context to their operations. This may comprise simply of having suppliers or customers overseas and can extend to having a full global outreach ...

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