Tax profession just doesn’t get it

Accounting Web: It took a top flight lawyer to tell the tax profession what they didn’t want to hear: That they are out of touch with the zeitgeist on matters of tax avoidance.

Full story: http://www.accountingweb.co.uk/article/tax-profession-just-doesn-t-get-it/577349

Tax evader crackdown by HMRC widens to smaller cases

International Adviser: A sharp fall in the average length of custodial sentences given to criminal tax evaders is a clear signal that HM Revenue & Customs is increasingly targeting smaller cases, according to research by Pinsent Masons.

Full story: http://www.international-adviser.com/news/1020096/tax-evader-crackdown-hmrc-widens

Four more Swiss banks sign US non-prosecution deals

STEP: Another four Swiss private banks have signed non-prosecution agreements with the US Department of Justice (DoJ) over allegations that they helped their American clients evade tax.

Full story: http://www.step.org/news/four-more-swiss-banks-sign-us-non-prosecution-deals

Ecclestone fights £1 billion tax bill

Daily Telegraph: The head of Formula One, Bernie Ecclestone, could face a £1 billion bill to the tax man over a trust fund for his ex-wife and daughters.

Full story: http://www.telegraph.co.uk/news/uknews/law-and-order/11621126/Ecclestone-fights-1-billion-tax-bill.html

800 UK-born taxpayers claim non dom status

Accountancy Live: The non dom status adopted by those who wish to be considered as being truly domiciled in another jurisdiction to the UK, now numbers 800 among British-born taxpayers.

Full story: https://www.accountancylive.com/800-uk-born-taxpayers-claim-non-dom-status

HMRC waives £100 fine for late tax returns

CityWire: HM Revenue & Customs (HMRC) is to waive £100 fines for up to 890,000 people who failed to file their tax returns on time, according to reports.

Full story: http://citywire.co.uk/wealth-manager/news/hmrc-waives-100-fine-for-late-tax-returns/a817880?ref=wealth_manager_all_stories_list