Private jets and their VAT: caught in the crosswind?

The Paradise Papers have highlighted that private jet owners have been bypassing VAT on purchasing their aircraft. Importing aircraft through the EU and shell companies in the British Virgin Islands, the Isle of Man and Guernsey has enabled owners to avoid paying millions of pounds worth of tax. However, aviation and tax experts maintain there…

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Mark Davies warns of security risks for those named in Panama papers

The posting of a searchable database containing the names of the thousands of individuals whose names were contained in the so-called Panama Papers documents could represent a security risk for those named, according to a London adviser who looks after UK resident, non-domiciled clients. Mark Davies, managing director of Mark Davies & Associates, noted that in spite…

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New rules crackdown by HMRC: Mark Davies quoted in International Adviser

Mark Davies explains why the Liechtenstein Disclosure Facility (LDF) was broadly successful and warns that the applicants will need to submit their application forms next week to have any chance of getting a certificate of eligibility in time.   International Adviser: Experts warn of new rules crackdown by HMRC

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Last chance to benefit from the LDF

Last chance to benefit from the advantageous terms of the Liechtenstein Disclosure Facility (LDF) and the Crown Dependencies Disclosure Facilities (Isle of Man, Guernsey and Jersey) before they close at the end of the year. Anyone wishing to make use of these facilities must have registered before midnight on 31 December 2015.   The Government…

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11 implications of the UK General Election for non-doms

The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 11 points that highlight what this means for those claiming non-domicile tax status. The UK tax office has recently introduced a…

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