EY pays more than Big Four rivals

ICAEW: EY pays both its junior and senior staff more than fellow Big Four firms.

Full story: http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals

Bond Dickinson recruits Senior Wealth Adviser to London office

Bond Dickinson: Leading UK law firm Bond Dickinson has appointed Neil Long as a Partner to join its Private Wealth division. Neil is a private client lawyer with over 15 years’ experience in wills, probate and trust law, with extensive specialist experience dealing with contentious probate and trust disputes.

Full story: http://www.bonddickinson.com/news/bond-dickinson-recruits-senior-wealth-adviser-london-office

Political parties are offering 'piecemeal changes' to tax

Private Client Adviser: Study finds 'little evidence of any coherent strategy and numerous proposals that would complicate the tax system'.

Full story: http://www.privateclientadviser.co.uk/news/tax/political-parties-are-offering-piecemeal-changes-tax

General Election: David Cameron promises to stop tax increases with new law

City A.M.: If the Conservatives are voted in at the General Election, David Cameron has promised to introduce a new law that would prevent tax increases for five years. 

Full story: http://www.cityam.com/214814/general-election-david-cameron-promises-stop-tax-increases-new-law?

Margaret Hodge benefited from tax haven

Accounting Web: Margaret Hodge has received more than £1.5m in shares from the tax haven of Liechtenstein, according to The Times.

Full story: http://www.accountingweb.co.uk/article/margaret-hodge-benefited-tax-haven/575950?

Take That could take another two years to pay back £20m in tax

The Independent: Take That have not yet repaid the £20 million in tax after an illegal tax shelter scheme was discovered last year.

Full story: http://www.independent.co.uk/news/business/news/take-that-could-take-another-two-years-to-pay-back-20m-in-tax-10205924.html

HMRC ramps up investigations into quick rich earners

International Advisor: The tax affairs of individuals with a rapidly rising wealth are to come under more intense scrutiny by HM Revenue & Customs (HMRC).

Full story: http://www.international-adviser.com/news/tax-regulation/hmrc-ramps-up-investigations-into-quick-rich?

Clegg reveals plans to tax second homes

Accountancy Age: Second homeowners  could face council tax bills of up to 200% if the Liberal Democrats return to government, Nick Clegg has revealed.

Full story: http://www.accountancyage.com/aa/news/2405137/clegg-reveals-plans-to-tax-second-homes

Return Of UK's 50 Percent Rate 'Would Encourage Avoidance'

Tax-News: The London School of Economics's Centre for Economic Performance (CEP) has said that proposals to reintroduce a 50 percent top rate of income tax would likely result in a negligible fall in the working hours of higher earners but will lead to an increased tax avoidance risk. It says tougher enforcement will be required to ensure payment of tax at the higher rate.

Full story: http://www.tax-news.com/news/Return_Of_UKs_50_Percent_Rate_Would_Encourage_Avoidance____67864.html

Top City bosses back Labour’s non-dom reform plan

CityWire: The City has come out in support of Labour’s plans to overhaul non-dom tax status.

Full story: http://citywire.co.uk/wealth-manager/news/top-city-bosses-back-labour-s-non-dom-reform-plan/a810009?ref=wealth_manager_all_stories_list

Russia’s ultra wealthy set to wait out crisis

Opalesque: The number of wealthy Russian investors employing a conservative wealth management strategy has more than quadrupled in two years. The findings come from a new report on Russian wealth holders, one of the most discreet communities worldwide, titled /The UBS / Campden Wealth Russian Entrepreneurship Report 2015/, released by Campden Wealth Research, in partnership with UBS.

Full story: http://www.opalesque.com/industry-updates/4126/ultra-wealthy-set-to-wait-out-crisis.html

Non-doms pay £6bn in income tax and Labour's ban could damage the UK's ability to attract entrepreneurs

City AM: As Labour looks to hit non-doms in one of the few substantive policy announcements of the campaign so far, some experts are warning Labour not to kill the goose that lays the golden egg.

Full story: http://www.cityam.com/213266/non-doms-pay-6bn-income-tax-and-labours-ban-could-damage-uks-ability-attract-entrepreneurs?

'Stay tuned' for more Swiss bank deals over tax evasion - U.S. official

Reuters: More Swiss banks that helped wealthy Americans evade taxes will soon strike agreements with the U.S. Department of Justice to avoid prosecution, an official overseeing the U.S. government programme told Reuters.

Full story: http://uk.reuters.com/article/2015/04/08/uk-banks-swiss-usa-idUKKBN0MZ1W920150408?rpc=401

Wealthy shelve plans to buy homes amid election fears

Daily Telegraph: Labour's mansion tax and possibility of a hung parliament threaten 'prime' property prices.

Full story: http://www.telegraph.co.uk/finance/property/11523716/Wealthy-shelve-plans-to-buy-homes-amid-election-fears.html

Labour's non-dom adviser represented celebrity tax dodge film schemes

Daily Telegraph: Jolyon Maugham, who advised Labour on its non-dom tax crackdown, represented controversial film investment schemes used by celebrities which were in fact tax avoidance vehicles.

Full story: http://www.telegraph.co.uk/news/politics/ed-miliband/11522525/Labours-non-dom-adviser-represented-celebrity-tax-dodge-film-schemes.html

Non-doms in charts: will Labour's plan to scrap the tax loophole actually boost the UK economy?

The Independent: Ben Chu crunches the numbers behind the headline.

Full story: http://www.independent.co.uk/news/business/news/nondoms-in-charts-will-labours-plan-to-scrap-the-tax-loophole-actually-boost-the-uk-economy-10163049.html

‘Black Jack’ Dellal argues that deceased husband gave away fortune

Solicitors Journal: A widow's own wealth should not defeat claim for reasonable financial provision.  The widow of 'Black Jack' Dellal has been encouraged to reach a settlement with her husband's family by a after she won the latest battle for 'reasonable provision'.

Full story: http://www.solicitorsjournal.com/news/private-client/wealth-management/22400/%E2%80%98black-jack%E2%80%99-dellal-argues-deceased-husband-gave-away-fo

Non-dom capital gains tax comes into effect

Private Client Adviser: Changes may prompt high-net worth individuals to reconsider their property investment plans.

Full story: http://www.privateclientadviser.co.uk/news/international/non-dom-capital-gains-tax-comes-effect

British Expats Facing Confusion Over Onshore and Offshore Bank Accounts

Expat Forum: British people and expats with accounts with international banks in the Channel Island of Jersey are facing confusion over a global clampdown on tax avoidance and money laundering.

Full story: http://www.expatforum.com/britain/british-expats-facing-confusion-over-onshore-and-offshore-bank-accounts.html?

Our response to concerns about the tax profession’s role in tax avoidance

ICAEW: The government’s paper, Tackling Tax Avoidance and Evasion, published the day after the Budget raises some important questions for the profession. 

Responding to ongoing public concern, this paper talks about the Government’s track record in clamping down on tax evasion and avoidance – for example the General Anti-Avoidance Rule and the Diverted Profits Tax included in the Finance Act - as well as floating further action. 
Full story: http://www.ion.icaew.com/MoorgatePlace/post/Our-response-to-concerns-about-the-tax-profession-s-role-in-tax-avoidance-?

Landed estates to join forces with conservation bodies to protect inheritance

Spears Wealth Management: Land owning families may now ally with conservation organisations to ensure they maintain ownership of their land while guaranteeing its natural protection.

Full story: http://www.spearswms.com/blog/landed-estates-to-join-forces-with-conservation-bodies-to-protect-inheritance?#.VRxTl_nF_rg

OECD launches tax avoidance mandatory disclosure plan

Accountancy Age: As part of its Base Erosion and Profit Shifting (BEPS) project, the OECD has launched a public consultation on Action 12 - the mandatory disclosure of tax avoidance strategies by multinational companies.

Full story: http://www.accountancyage.com/aa/news/2402423/oecd-launches-tax-avoidance-mandatory-disclosure-plan