Switzerland, Singapore and India are amongst 47 nations that have agreed on measures which are designed to end banking secrecy.
New sanctions to tackle offshore tax evasion
New sanctions to tackle offshore tax evasion have been announced in April 2014. HMRC has published No Safe Havens 2014, a document that details the progress made in tackling offshore tax evasion, the new actions being taken, and how HMRC intends to exploit data sources better in order to influence behaviour.
Share loss relief: shares issued to nominee
In Neil McLocklin v HMRC (TC 03182), the First-tier Tax Tribunal (FTT) allowed a claim for share loss relief when shares had become of negligible value even though they were acquired by a nominee under some rather unusual conditions.
Second incomes disclosure opportunity (Now Closed)
Second incomes disclosure opportunity was aimed at taxpayers who have not declared any part-time/additional income from self employment. this closed on 7 August 2017.
Entrepreneurs’ relief and employment status
In Susan Corbett v HMRC [2014] TC 03435, a wife, who had apparently resigned from her husband’s business was still treated as an employee for the purposes of Capital Gains Tax (CGT) relief.
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