Dealing with HMRC – guidance Offshore disclosure facilities
From: HM Revenue & CustomsFirst published: 15 December 2014Part of: Tax compliance and Tax agent and adviser guidanceThis guide explains new legislation that HM Revenue and Customs (HMRC) is consulting over regarding offshore evasion ...
US in last-ditch effort to quash Brussels tax demand on Apple
Barney Jopson in Washington and Arthur Beesley in Brussels
The US has launched a stinging attack on the European Commission in a last-ditch bid to dissuade Brussels from hitting Apple with a demand for billions of euros in underpaid ...
Regulators to dig deeper into worries over money-laundering checks
By Huw Jones | LONDON
Global regulators will try to get more insight into why major banks are withdrawing from handling cross-border payments, making it harder for people to send money to relatives and loved-ones abroad.
Banks say it has ...
Tough new sanctions for offshore tax evaders
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs (HMRC) today.
The proposals will mean that those who do not come forward and pay outstanding taxes from offshore investments and accounts, could ...
Big banks plan to coin new digital currency
By Martin Arnold
Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin.
UBS, the ...