Category Archives: Offshore Tax Planning
- Monday, 30 April 2012 15:09 Qualifying Non-UK Pension Schemes (QNUPS) Posted by administrator QNUPS On 13 February 2010 new UK legislation introduced the Qualifying Non-UK Pension Scheme or QNUPS in an attempt to clarify ambiguous aspects of the previous UK tax treatment. QNUPS are a flexible and tax efficient...
- Tuesday, 20 March 2012 14:18 Decrease in Non-Dom numbers in the UK Posted by administrator Evidence that the £30,000 annual Remittance Basis Charge (RBC) is impacting on the number of non-domiciled people who are residing in the UK has emerged. A request made under the Freedom of Information Act has confirmed...
- Thursday, 08 March 2012 17:25 Expatriate Tax Planning News Posted by administrator Many individuals with “Not Ordinarily Resident” (NOR) UK tax status, that have come to work in the UK temporarily, open offshore bank accounts outside the UK to take advantage of rules which exclude earnings from non-UK...
- Tuesday, 29 November 2011 15:03 Independent study on general anti-avoidance rule (GAAR) published Posted by administrator The QC responsible for the independent study on general anti-avoidance has laid out his recommendation to the Government to introduce a narrowly focused general anti-avoidance rule (GAAR) to the UK tax system. After an eleven month...
- Friday, 25 November 2011 13:10 HMRC launches offshore tax unit Posted by administrator HM revenue and customs (HMRC) has officially launched their new offshore tax unit targeting those with undeclared offshore income. Chief Secretary to the Treasury Danny Alexander announced in September that there would be an initial deployment...
- Friday, 04 November 2011 15:31 HMRC targets foreign property owners Posted by administrator HM Revenue and Customs (HMRC) are targeting taxpayers who have overseas holiday homes and offshore investment properties as part of the ‘HMRC Affluent Team’ initiative. The ’HMRC Affluent Team’ was created to target the avoidance and evasion...
- Thursday, 25 August 2011 15:56 Swiss Tax deal shows there is no substitute for good advice. Posted by administrator Following a similar agreement with Lichtenstein in 2009, HMRC’s latest agreement with Switzerland proves that the net is closing on tax evaders. A potential £5 billion could be raised from the latest deal, which sees Swiss...
- Thursday, 25 August 2011 13:10 Swiss bank accounts hit by Tax Deal Posted by administrator A deal between HMRC and the Swiss authorities was announced on Wednesday following a similar Swiss / German arrangement earlier this month. Whilst account holder anonymity will be maintained, from 2013 onwards the Swiss authorities will...
- Wednesday, 17 August 2011 11:23 EFRBS (Employer Financed Retirement Benefits Scheme) Posted by administrator EFRBS (Employer Financed Retirement Benefit Schemes) remain hugely beneficial as employee benefit tools when provided as part of a bespoke, tailored tax structure, rather than as an off the shelf solution. The changes to the tax treatment of...
