Ahead of Philip Hammond's first Autumn statement, Gowling WLG private client lawyer James Brockhurst believes the new chancellor may offer clues to his fiscal direction...
HMRC has issued a consultation on incentivising those with any UK tax irregularities in respect of offshore interests to correct those irregularities fully by 30 September 2018, after when, tougher sanctions will apply. The legislation will be introduced in Finance Bill 2017.
International Tax Compliance: Regulations have been issued requiring financial institutions and service providers, such as tax advisers, to issue notifications to those who are ‘specified clients’ on 30 September 2016.
On Friday 19th, the Government published its much anticipated consultation document and draft legislation on its reforms to the taxation of non-domiciles.
Although most tax deadlines recur every year, they still seem to catch many individuals and businesses by surprise. The ability to take advantage of valuable tax reliefs that save you money or to avoid penalties is just one reason why timely tax planning is so important. To help you plan and take appropriate action, RSM sets out the forthcoming tax deadlines.
Ambassador William Lacy Swing, Director General of the International Organization for Migration discusses migration management in terms of CBI.
In the context of the Panama Papers expose' and their implications, you queried the timeliness of Jamaica's plans to establish "offshore financial services business", sought insight into the "Government's thinking" on how Jamaica will proceed, and questioned whether it still sees this industry "as a feasible option". You asserted that if the "rules are changed" (presumably as a consequence of the Panama Papers), the legislative framework may require rethinking and a redefinition of our strategy.
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