HMRC warns offshore tax dodgers

https://www.gov.uk/government/consultations/extension-of-offshore-time-limits Anyone with offshore assets is being warned to make sure they disclose them, or they could face new, tougher penalties. From:HM Revenue & Customs Time is running out for anyone with offshore assets before tougher penalties kick in, as HM Revenue and Customs (HMRC) publishes proposals to allow more time to investigate when someone hasn’t [...]

By | 2018-03-15T10:12:42+00:00 March 15th, 2018|Uncategorized|0 Comments

Carillion inquiry: missed red flags, aggressive accounting and the pension deficit

Author: Alia Shoain In a series of meetings the joint parliamentary committee grilled Carillion directors, pension regulators and KPMG and Deloitte auditors on accounting methods, problem contracts, and oversights. This is the story so far. In a series of scathing joint committee sessions MPs took to task Carillion directors, pension regulators and KPMG and Deloitte auditors– grilling them on [...]

By | 2018-02-28T23:39:51+00:00 February 28th, 2018|Uncategorized|0 Comments

International Consortium of Investigative Journalists

International Consortium of Investigative Journalists A total of more than 85,000 entities and more than 110,000 officers from the Paradise Papers will be added to the Offshore Leaks Database on Wednesday, February 14. With this release information on more than 290,000 companies related to the Paradise Papers will be available in the database, more than from any of our [...]

By | 2018-02-13T00:31:06+00:00 February 13th, 2018|Uncategorized|0 Comments

Ulster Bank, Global Restructuring Group & West Register: How we can help?

Some eight years on from the financial crisis of 2008, many people would think that the crisis is now over. For some individuals and company's alike the nightmare continues daily. So what is happening? Ulster Bank’s parent company, Royal Bank of Scotland, set up their ‘Global Restructuring Group’ in the wake of the recession to [...]

By | 2016-12-14T17:46:37+00:00 December 14th, 2016|Uncategorized|0 Comments

HMRC – Let property campaign

Let property campaign: your guide to making a disclosure  HM Revenue and Customs (HMRC) believes that its customers want to pay the right amount of tax and so wants to help those that are not paying the correct amount to put that right. The Let Property Campaign is an opportunity for landlords who owe tax [...]

By | 2016-11-10T16:58:53+00:00 November 10th, 2016|Uncategorized|0 Comments

New Leak of Offshore Files from the Bahamas

A cache of leaked documents provides names of politicians and others linked to more than 175,000 Bahamian companies registered between 1990 and 2016. The International Consortium of Investigative Journalists have just published further details at https://www.icij.org/offshore/former-eu-official-among-politicians-named-new-leak-offshore-files-bahamas

By | 2016-11-10T16:55:46+00:00 November 10th, 2016|Uncategorized|0 Comments

Worldwide disclosure facility

HMRC have recently opened a Worldwide Disclosure Facility which allows taxpayers to make a full disclosure to HMRC without the fear of prosecution and publication of their disclosure settlement to the public. This facility offers a unique opportunity for a tax payer to put their tax affairs in order. If you would like an initial [...]

By | 2016-11-10T16:54:55+00:00 November 10th, 2016|Uncategorized|0 Comments