Commonwealth games athletes risk being taxed

ICAEW: International athletes taking part in the Commonwealth games risk being taxed by HMRC, according to accountancy firm Baker Tilly.

Full story: http://economia.icaew.com/news/august-2014/commonwealth-games-athletes-risk-being-taxed

DOTAS ‘kiss of death’ for tax avoidance schemes

Accountancy Age: The DOTAS regime  has become the "kiss of death" for tax avoidance schemes and has pushed some promoters into providing non-DOTAS structures instead.

Full story: http://www.accountancyage.com/aa/news/2358659/dotas-kiss-of-death-for-tax-avoidance-schemes?

Inheritance tax take hits six-year high

The Telegraph: Figures show families paid a total of £3.4bn in inheritance taxes last year – the most since the onset of the financial crisis.

Full story: http://www.telegraph.co.uk/finance/personalfinance/tax/11003740/Inheritance-tax-take-hits-six-year-high.html

David Cameron hints at giveaway for higher-rate taxpayers

The Guardian: Prime minister tells audience: 'I understand the problem with the 40p rate kicking in when people are not earning a lot of money'.

Full story: http://www.theguardian.com/money/2014/jul/30/david-cameron-hints-giveaway-higher-rate-taxpayers?

Farrers sees profit rise by 14 per cent as turnover stabilises

The Lawyer: Farrer & Co has reported a 14 per cent rise in net profit for the 2013/14 financial year thanks to an increase in its equity partnership, while turnover was stable at £50.7m.

Full story: http://www.thelawyer.com/analysis/the-lawyer-management/financial-news/farrers-sees-profit-rise-by-14-per-cent-as-turnover-stabilises/3023578.article

Record rise in global high net worth individuals

Private Client Adviser: The global number of high net worth individuals (HNWI) rose by 1.76 million in 2013, helped largely by buoyant economic and equity market performance, RBC's World Wealth Report 2014 has revealed.

Full story: http://www.privateclientadviser.co.uk/news/international/record-rise-global-high-net-worth-individuals