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Tax man wins X factor! [Trevor Derricott-Rose]

From Qrops Pensions - Ecademy, 7 month ago, Read 0 times. Similar articles

Well not quite, but the tax man has had a long runing dispute with Mr Gaines-Cooper who thought he followed HMRC guidelines (IR 20) and as such was an X resident for tax purposes having bought a home in Sri Lanka. However the tax man has recently challenged his status applying other factors regading his lifestyle. Although Mr Gaines-Cooper did buy a property abroad and stated this was his home he still retainned property and his family in the UK. So how reliable are the Tax Mans rules in this... Read more
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Warning HMRC's Swiss tax hit list has flaws

From IFAonline, 7 month ago, Read 0 times. Similar articles

ifaonline Swiss bank account holders who have legitimate reasons for keeping their money offshore may still be on the taxman's hit list, accountants warned. ifaonline Her Majesty's Revenue and Customs (HMRC) has warned UK residents and organisations with Swiss bank accounts to declare any outstanding tax before it begins investigations. ifaonline Today's tax deal between the UK and Switzerland, designed to recoup £7bn from Brits with funds in Swiss bank accounts, is ?unrealistic', according to accountants Baker Tilly. ifaonline Launched by Stadia Trustees, the directory provides a one stop, information portal for Self Invested Personal Pensions (SIPP)and Qualifying Recognised Overseas Pension Schemes (QROPS) investments that are permitted and allowable under HMRC rules. ifaonline HMRC is stepping up a campaign to target the super-rich by targeting people using overseas companies or trusts to hide property deals. Read more
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