From 5 April 2014 HMRC intends to target contrived arrangements which create “artificial divisions between the duties of a UK employment and an employment overseas in order to obtain a tax advantage”. The new legislation is expected to bring in £245m over the next 4 years. It remains unclear why such new legislation is even … Continue Reading
This is an article from the Moscow Times on 14 March 2014, quoting Squire Sanders’ Anastasia Melnikov, Moscow. It is a heads-up to any employer proposing to apply for a work permit for Russia. A lack of coordination between two government agencies concerning taxpayer identification numbers is creating difficulties for some foreigners trying to get a Russian work permit. … Continue Reading
Everything in life is relative. One moment you are feeling pretty flush as the billionaire owner of a Premier League Football Club and then along comes Sheikh Mansour with a reported personal wealth of £20 billion and an estimated family fortune of $1trillion and your whole day loses its sparkle. I mean, how is any … Continue Reading
Readers may have been seen BBC1’s Panorama programme earlier this week, which touched, amongst other things, on the so-called “bump plan.” Details of this entirely legal tax strategy came to be heard in unfortunate circumstances for a very highly regarded member of the tax profession, who has subsequently resigned his position on the GAAR panel- … Continue Reading
Over the past 2 years HMRC has invested close to £100 million on tackling tax avoidance and evasion. It is now using various behind the scenes technology to track and analyse property purchases, tax returns, loans, bank accounts and employment data to create a risk profile database which will highlight transactions and help it identify … Continue Reading
