Withers, Macfarlanes and Taylor Wessing shine in ranking of world’s top private client lawyers

Legal Week: Withers, Macfarlanes and Taylor Wessing are among the firms with the most partners named in a ranking of the world’s top 200 private client and trust lawyers, published by Legal Week today (26 June).

Full story: http://www.legalweek.com/sites/legalweek/2017/06/26/withers-macfarlanes-and-taylor-wessing-shine-in-ranking-of-worlds-top-private-client-lawyers/

Crowe Clark Whitehill announces new CEO appointment

Accountancy Age: Crowe Clark Whitehill has announced the appointment of a new chief executive, effective 1 September this year.  Nigel Bostock has been appointed as the top 15 firm’s new CEO, succeeding David Mellor who plans to retire from the firm in March 2018.

Full story: https://www.accountancyage.com/2017/06/26/crowe-clark-whitehill-announces-new-ceo-appointment/

The British Virgin Islands is trying to prove it's not a tax haven — campaigners aren't buying it

Business Insider: Transparency and tax campaigners are clashing with officials from the British Virgin Islands (BVI) over a new report claiming the Caribbean islands are not a tax haven.

Full story: http://uk.businessinsider.com/british-virgin-islands-a-tax-haven-or-legitimate-business-hub-2017-6

HMRC collects record £5.1bn in inheritance tax

CCH: The £5bn barrier was cleared in IHT receipts for the year to May 2017, a 9% rise in the previous period. The Office for National Statistics revealed that a £5.1bn haul was made, compared to £4.7bn a year earlier.

Full story: https://www.cchdaily.co.uk/hmrc-collects-record-ps51bn-inheritance-tax

How to help your non-dom clients with IHT

FT Adviser: They say change brings opportunity, so the optimists among you can rejoice (maybe) because, thanks to the present government, a whole new range of clients need your advice (perhaps).

Full story: https://www.ftadviser.com/residential/2017/06/23/how-to-help-your-non-dom-clients-with-iht/

HMRC addresses criticism of tax guidance

FT Adviser: HM Revenue & Customs has insisted it produces tax guidance carefully, after accountancy RSM suggested recent tribunal decisions flagged problems with HMRC's phrasing.

Full story: https://www.ftadviser.com/your-industry/2017/06/22/hmrc-addresses-criticism-of-tax-guidance/

RSM partner appointed ICAEW president

Insider Media: An RSM tax partner based at the accountancy firm's offices in Basingstoke and Southampton has been elected as president of Institute of Chartered Accountants in England and Wales (ICAEW) for 2017-18.

Full story: https://www.insidermedia.com/insider/southeast/rsm-partner-appointed-icaew-president

Cristiano Ronaldo strongly denies allegations of £13m tax fraud from Spanish tax office

The Independent: Cristiano Ronaldo has strongly denied allegations he defrauded the Spanish tax office of £12.9m.  The statement, released via his representatives, was in response to a tax fraud lawsuit being filed against the 32-year-old Real Madrid star on Tuesday.

Full story: http://www.independent.co.uk/sport/football/european/cristiano-ronaldo-denies-13m-tax-fraud-real-madrid-star-accused-spanish-authorities-a7788861.html

Tax evaders exposed: why the super-rich are even richer than we thought

The Guardian: Analysis of a massive trove of data – much of it leaked from tax havens – suggests that inequality levels across the world should be revised upwards dramatically.

Full story: https://www.theguardian.com/inequality/2017/jun/14/tax-evaders-exposed-why-super-rich-are-even-richer-than-we-thought

UK PM Says No Change To Tax Proposals For High Earners

Tax-News: UK Prime Minister Theresa May has downplayed comments by a senior member of her party that there would no income tax increases for higher earners.  In an interview with the Telegraph, Secretary of State for Defence Michael Fallon said that there would "absolutely" be no income tax rise for higher earners.

Full story: http://www.tax-news.com/news/UK_PM_Says_No_Change_To_Tax_Proposals_For_High_Earners____74411.html

UK’s IHT relief on charitable relief reaches record levels

International Adviser: The amount of inheritance tax saved by leaving money to charities in the UK is predicted to surpass £900m (€1,027m, $1,159m) in the next financial year, following a sharp increase in the amount of charitable donations left in wills.

Full story: http://www.international-adviser.com/news/1036252/uk-iht-relief-charitable-relief-reaches-record-levels

'They completely f***ed up': David Gower slams 'immoral' HMRC

Wealth Manager: David Gower has launched a fierce attack on the tax office following the conclusion of the latest round in the legal battle over a film investment scheme.

Full story: http://citywire.co.uk/wealth-manager/news/they-completely-f-ed-up-david-gower-slams-immoral-hmrc/a1022293?ref=wealth_manager_all_stories_list