Will there be clarification of the non-dom reform proposals?
FT Weekend Jersey account holders receive final warningDetails
We have started to receive letters from HMRC asking certain clients if they have “checked their UK tax affairs recently?” specifically referencing an offshore bank account with HSBC Jersey and stipulating that the enclosed ‘certificate of tax position’ is required by 31 December 2015. Failure to reply and submit the notification form may result in a ‘detailed investigation’ into your taxation affairs or at the very least a higher cost if…Details
Mark Davies explains why HMRC’s U-turn decision is “a good thing” that will reduce the risk of people being double or triple taxed. To read full article please visit International Advisor.Details
Click here to see our article in Private Client Adviser on isolating and preserving clean capital.:- Keeping it cleanDetails
The Court of Sessions in Scotland have overturned previous Tribunal decisions and found in favour of HM Revenue & Customs. The judges have decided that payments by Rangers FC to the principal trust of an employee benefit trust amount to “a mere redirection of emoluments and earnings” and therefore were subject to income tax and…Details