Thursday 22 October 2015

HMRC non-dom loans tax becomes unstuck

Private Client Adviser: The government has been gradually softening its pre-election position on non-doms since securing another term in office.

Full story: http://www.privateclientadviser.co.uk/news/international/hmrc-non-dom-loans-tax-becomes-unstuck

McDermott Further Strengthens its London Private Client Practice with Appointment of Charles Lubar

MWE: International law firm McDermott Will & Emery announced today it has appointed Charles (Chuck) Lubar as senior counsel in its fast growing London Private Client group.
Full story: http://www.mwe.com/McDermott-Further-Strengthens-its-London-Private-Client-Practice-with-Appointment-of-Charles-Lubar-10-01-2015/

Wednesday 7 October 2015

PwC replaces Deloitte as biggest global firm

ICAEW: PwC has retaken number one spot from Deloitte as the world’s largest firm by revenue.

Full story: http://economia.icaew.com/news/october-2015/pwc-replaces-deloitte-as-biggest-global-firm

Tax fraud charges against Messi dropped

ICAEW: Spanish prosecutors have dropped tax fraud charges against Argentinian footballer Lionel Messi, but his father could still face jail.

Full story: http://economia.icaew.com/news/october-2015/tax-fraud-charges-against-messi-dropped

Monday 5 October 2015

Comments to UK government consultation on non-doms to be filed by 11 November

STEP: Observations on the Treasury's plans to restrict claims for non-dom status for tax purposes must be filed by early November as part of a government consultation.

Full story: http://www.step.org/news/comments-uk-government-consultation-non-doms-be-filed-11-november

UK firms sceptical of new government consultation on tax rules for non-doms

CityAm: Accounting and legal experts have said that they are sceptical of a new government consultation out this week on changes to tax rules for non-domiciles, or “non-doms”.

Full story: http://www.cityam.com/225662/uk-firms-sceptical-new-government-consultation-tax-rules-non-doms

Non-dom rules harsh on those born in UK, claims CIoT

Accountancy Age: Advisers are concerned that government proposals for the reform of taxation of non-domiciles could lead to an unfair result for those born in the UK who live most of their life abroad.

Full story: http://www.accountancyage.com/aa/news/2428679/non-dom-rules-harsh-on-those-born-in-uk-claims-ciot

HMRC defeats tax avoidance scheme over DTA misuse

International Adviser: A tax avoidance scheme which exploited the UK’s double-taxation agreement with the Isle of Man has been defeated by HM Revenue & Customs.

Full story: http://www.international-adviser.com/news/1025197/hmrc-defeats-gbp200m-tax-avoidance-scheme-dta-misuse