Non doms: tax changes to RBC put 15-year limit on future status

Accountancy Live: Non dom tax reforms are still being confirmed and advisers must be ready to move swiftly for clients as the remittance basis charge (RBC) changes go ahead while anyone born in the UK cannot use non dom status, says Lisa Spearman, private client partner at Mercer & Hole.

Full story: https://www.accountancylive.com/non-doms-tax-changes-rbc-put-15-year-limit-future-status

Former KPMG partner among 10 charged with UK tax cheating offences

Reuters: Patrick McCoy, the former head of investment advisory for KPMG in the UK, is among 10 people charged with tax cheating offences who have been ordered to appear in a UK court on Feb. 23, a UK prosecutor said on Tuesday.

Full story: http://uk.reuters.com/article/uk-kpmg-tax-charges-idUKKCN0UX2D6?rpc=401&

Frank Hirth: Private Client Tax Directors, Iain Younger and Rhea Lucia-Hennis, have been appointed to the Board with effect from 1 January 2016.

Frank Hirth: Having joined the company in 2000 and 2002 respectively, Iain and Rhea have both successfully moved through the management hierarchy with their outstanding knowledge and experience of UK/US tax planning and compliance for high net worth individuals.

Full story: http://www.frankhirth.com/frank-hirth-appoints-two-new-directors-to-the-board/#.Vpv8YGxifIU

HMRC not investigating HSBC

ICAEW: HMRC has admitted that it is not launching an investigation into HSBC despite revelations about its Swiss arm aiding clients to evade tax.

Full story: http://economia.icaew.com/news/january-2016/hmrc-not-investigating-hsbc

Worst late tax return excuses

ICAEW: From hungry pets to five-year arguments, HMRC has heard it all. Here’s the top ten worst late tax return excuses.

Full story: http://economia.icaew.com/news/january-2016/worst-late-tax-return-excuses

HMRC looks to pre-empt late tax returns

Private Client Adviser: The tax authority wants to avoid a repeat of the collapse of its 'reasonable excuse' criteria for fixed penalties last year.

Full story: http://www.privateclientadviser.co.uk/news/tax/hmrc-looks-pre-empt-late-tax-returns

'Calamitous' prospects for footballers who invested in tax schemes

STEP: Some professional footballers who invested in film partnership tax avoidance schemes that were later challenged by HM Revenue & Customs (HMRC) are facing 'calamitous' financial consequences.

Full story: http://www.step.org/news/calamitous-prospects-footballers-who-invested-tax-schemes

Tax expert expects surge for inheritance tax help

FT: Advisers could see more demand for their help in minimising inheritance tax bills, according to Simon Ruthers of Oxford Capital.

Full story: http://www.ftadviser.com/2016/01/15/ifa-industry/tax-planning/tax-expert-expects-surge-for-inheritance-tax-help-4QF9yGPItjDeARnUemjnvO/article.html

Bircham Dyson Bell bolsters will and trust disputes offering with new Partner and Head of Team

Bircham Dyson Bell: We are pleased to announce that Geoffrey Kertesz has joined the firm as a Partner and Head of the Will and Trust Disputes Team. Geoff specialises in trusts and legacy disputes and joins from Withers, where he was a senior associate.

Full story: https://www.bdb-law.co.uk/bircham-dyson-bell-bolsters-will-and-trusts-disputes-offering-with-new-partner-and-head-of-team/

More women paying highest tax rate

ICAEW: The number of women paying the highest tax bracket has risen to 50,000 for the first time, a rise of 48% since the rate was introduced in 2010.

Full story: http://economia.icaew.com/news/january-2016/more-women-paying-highest-rate-tax

Co-op bolsters its legal business

Daily Telegraph: Mutual has acquired an estate-planning firm as part of its expansion into the law.

Full story: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12090219/Co-op-bolsters-its-legal-business.html

HMRC chief Lin Homer to step down

The Guardian: Head of HM Revenue and Customs quits after fierce criticism from MPs over failure to answer 12m tax phonecalls and furore over lenient settlements.

Full story: http://www.theguardian.com/politics/2016/jan/11/hmrc-chief-lin-homer-step-down

Former Rangers adviser charged over film scheme tax fraud

Accountancy Age: A corporate financier who previously held shares of Glasgow Rangers Football Club has been charged with tax fraud by the CPS over a £134m film investment scheme.

Full story: http://www.accountancyage.com/aa/news/2440891/former-rangers-adviser-charged-over-film-scheme-tax-fraud

Second home stamp duty surcharge will create problems for trust beneficiaries

STEP: HM Treasury has published details of how it will apply the new stamp duty land tax (SDLT) surcharge on second properties.

Full story: http://www.step.org/news/second-home-stamp-duty-surcharge-will-create-problems-trust-beneficiaries