Speechly posts steady turnover as firm eyes 25% PEP boost from partnership shake-up

Legal Week: Speechly Bircham has posted flat revenues for 2012-13 following a series of management changes and partner exits that are expected to see the firm's partner profits rise 25% next year.

Full story: http://www.legalweek.com/legal-week/news/2277904/speechly-posts-steady-turnover-as-firm-eyes-25-pep-boost-from-partnership-shakeup?WT.tsrc=Email&WT.mc_id=694&utm_source=Newsletters&utm_medium=Email&utm_campaign=LW_Daily

HNW investment in racehorses set to increase in 2013

Wealth Briefing: Despite race horses being seen as one of the riskiest investments individuals can make, the popularity and levels of financial investments in them by high net worth individuals is set to increase in 2013, especially in emerging markets, according to the recent Knight Frank Wealth Report.

Full story: http://www.wealthbriefing.com/html/article.php?title=HNW_Investment_In_Race_Horses_Set_To_Increase_In_2013&id=55454

Ukip leader Nigel Farage admits tax haven fund was a 'mistake'

The Independent: The leader of the UK Independence Party, Nigel Farage, has admitted he made a mistake after setting up a trust fund in an off-shore tax haven.

Full story: http://www.independent.co.uk/news/uk/politics/ukip-leader-nigel-farage-admits-tax-haven-fund-was-a-mistake-8668098.html

Forsters appoints new head of Private Client Practice to support its continued growth

Forsters: Forsters LLP, one of London’s leading private client law firms, has appointed Fiona Smith to head its rapidly expanding Private Client Practice.

Full story: http://www.forsters.co.uk/index.php?page=21&news=1251

Serious tax evasion reports fall to five-year low

BBC News: Cases of serious tax evasion reported by local tax offices are at their lowest level in the last five years, according to law firm Pinsent Masons.

Full story: http://www.bbc.co.uk/news/business-23020508

Osborne tells Miliband 'pay avoided tax' on Labour donation

Channel4.com: George Osborne has called on Ed Miliband to pay up to £1.5m to the Treasury after Labour was accused of helping a millionaire businessman avoid paying tax on a major donation.

Full story: http://www.channel4.com/news/labour-tax-donation-donor-ed-miliband-john-mills-osborne?

Safferys shuffles leading partners

Accountancy Age: Saffrey Champness has reshuffled the deck at the top of its business, with the appointment of new partner heads.

Full story: http://www.accountancyage.com/aa/news/2273115/safferys-shuffles-leading-partners?

New associate: Chris Williamson at TLT

The Lawyer: Chris Williamson is now Associate, Tax & Estate Planning at TLT. Chris Williamson was previously Associate at Withers LLP.

Full story: http://www.lawgazette.co.uk/movingon/new-associate-chris-williamson-tlt

Trowers & Hamlins hires tax chief from RadcliffesLeBrasseur

The Lawyer: RadcliffesLeBrasseur tax and private client chief Simon Goldring is to join Trowers & Hamlins as head of private wealth.

Full story: http://www.thelawyer.com/news-and-analysis/practice-areas/private-client/trowers-and-hamlins-hires-tax-chief-from-radcliffeslebrasseur/3005501.article?

'Super-rich' get richer while everyone else gets poorer

Daily Telegraph: The number of people earning £1m or more has almost doubled in just two years, according to the latest HMRC figures.

Full story: http://www.telegraph.co.uk/finance/personalfinance/consumertips/10095574/Super-rich-get-richer-while-everyone-else-gets-poorer.html

HMRC launches online tool for calculating tax residency

International Adviser: Now that the UK has its first-ever statutory definition of UK residency for tax purposes, the tax authorities have come up with a tool to help people determine their status.

Full story: http://www.international-adviser.com/news/tax---regulation/hmrc-launches-online-tool-for-calculating

Andorra to introduce income tax for first time

BBC News: Andorra is to introduce a tax on personal income for the first time as it faces pressure from the its European neighbours to tackle tax evasion.

Full story: http://www.bbc.co.uk/news/business-22745895?