Guernsey Disclosure Facility – GDF Related: States Of Guernsey Press Release 15th March 2013 A few days ago we tweeted that any agreement between the UK and Guernsey would contain a disclosure facility similar to the Manx DF. Today we awoke to media reports that the UK and Guernsey are “poised to conclude a deal” containing… a disclosure facility! Of…
Details1st March 2013 Even today UK tax law continues to contain aspects which are contrary to the principles established in The Treaty on the Functioning of the European Union (TFEU or more simply: EU Law). Of course to single out the UK would be wrong; over the last ten years we have seen the European Commission take infringement proceeding against nearly…
DetailsHMRC Records Show Yet Another Drop in the Number of Non Doms Completing Tax Returns in 2010/11 Mark Davies & Associates Limited VIEW HMRC’s FOI RESPONSE VIEW OUR PRESS RELEASE AS PDF FOI Data Summary The 2010/11 tax year is the most recent data currently available. 1. Number of taxpayers claiming to be non dom…
DetailsAccession Tax The Liberal Democrats have been in the news again recently proposing alternatives to the current Inheritance Tax regime. One of their favourites is the implementation of an Accession Tax (See Liberal Democrats Policy Consultation Paper 107). Of all the OECD countries, Ireland is the only country we are aware of which has implemented an Accession…
DetailsThe Isle of Man Disclosure Facility – IoMDF – Manx Discloure Facility – MDF On 19 February HM Treasury announced a tax co-operation agreement with the Isle of Man. The Memorandum of Understanding agreed between the two governments provides for: the automatic exchange of information (eg details of bank accounts) to combat tax evasion. a…
Details19th February 2013 HM Treasury has announced a new Isle of Man Disclosure Facility – IoMDF. Below we have reproduced the Press Release but we will be bringing you our detailed analysis of the new facility shortly along with considerations as to whether the IoMDF is a game changer in terms of either the UK/Swiss Agreement or…
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