Budgets are normally stories of two halves. The first half contains the headline-grabbing tax policy reforms that can be encapsulated in a snappy soundbite in the Budget speech, such as “Chancellor scraps the non-dom regime”....more
3/1/2024
/ Autumn Statement ,
Compliance ,
Corporate Taxes ,
Estate Tax ,
Federal Budget ,
First Time Homebuyers ,
General Elections ,
Gift Tax ,
HMRC ,
Income Taxes ,
Revenue Growth ,
Stamp Duty Land Tax ,
Tax Incentives ,
Tax Levy ,
Tax Reform ,
UK ,
Value-Added Tax (VAT)
In this blog, we consider the First-tier Tribunal (Tax Chamber)’s recent update to its guidance for parties wishing to rely on evidence given by a witness from outside the UK.
The First-tier Tribunal (Tax Chamber) (the...more
We recently wrote about data published by HMRC in August 2020 which provided some insight into the impact of Covid-19 on HMRC’s compliance activities. Since then, on 5 November 2020, HMRC published more recent data for the...more
Recently published data casts a light on the ongoing impact of Covid-19 on tax revenue generated from HMRC’s compliance activities, and tax appeals going through the courts.
HMRC’s compliance yield -
It is well...more
In the light of COVID-19, HMRC has taken various measures which modify the UK’s taxation system. This blog post summarises the changes which UK taxpayers should be aware of, and the tax implications of various other measures...more
HMRC’s focus on organisations under the Criminal Finances Act 2017 for failure to prevent tax evasion is making steady progress. The revelation, in very broad terms, of the number of investigations and enquires that it is...more
Under the Senior Managers and Certification Regime (“SMCR”), firms are required to identify and report to the FCA any instances of disciplinary action taken in relation to conduct that would amount to a breach of one of the...more
2/10/2020
/ Artificial Intelligence ,
Banking Sector ,
Blockchain ,
Bribery ,
Cartels ,
Corporate Governance ,
Corporate Misconduct ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Insurance Industry ,
Payment Systems ,
Risk Management ,
SMCR ,
Technology ,
UK ,
United Arab Emirates (UAE) ,
Whistleblower Protection Policies
A notable feature of the UK tax landscape is the ever-increasing powers available to the UK tax authority, HM Revenue & Customs (“HMRC”), to challenge all forms of tax non-compliance. However, questions have arisen in recent...more
From April 2020 the responsibility for determining whether engagements with individuals who provide their services through an intermediary (typically a “PSC”) are within the off-payroll working rules shifts to the client for...more
On 9 May 2019, the House of Commons Library published a lengthy report, “Tax avoidance and tax evasion” (the “Report”). The Report summarises some of the government’s key measures to tackle tax avoidance and tax evasion,...more
Prevention is better than cure In today’s tax environment, where disputes with HMRC can be prolonged and the outcome uncertain, taxpayers would be well advised to take all reasonable steps to minimise the risk of a dispute...more