Blogs &News Updates

Personal portfolio bond investors to suffer a new penal tax if investing into UK property funds.

Switzerland’s Federal Supreme Court has ruled against UBS and approved the transfer of client data to French authorities.

The US Internal Revenue Service has started action to revoke the citizenship or residence rights of at least 260,000 US individuals due to significant tax debts, according to law firm Dickinson Wright

Britain’s so-called “requirement to correct” (RTC) legislation came into force on 30 September 2018.The new law requires taxpayers to declare any foreign assets that could affect their UK income tax, capital gains tax or inheritance tax.

UK property investors now have to face an additional 'empty house' tax as announced in the November 2017 budget.

Accounting industry sources have flagged up the fact that the Internal Revenue Service (IRS) is now stating that the deadline for FFI Agreements to be renewed is October 24, 2017.

British expats still have some crucial misunderstandings about domicile status and tax positions that could leave them and their loved ones financially exposed and even land them in trouble with HM Revenue & Customs, warns Rachael Griffin at Old Mutual Wealth.

Taxpayers in South Africa have less than a month to come clean and regularise any undisclosed or unauthorised foreign assets or income before the country’s Special Voluntary Disclosure Programme (SVDP) ends on 31 August.

HMRC is serious about stepping up not only its surveillance but also finding innovative ways of catching tax cheats.