Common Reporting Standard

Offshore Developments – More Ammunition for HMRC

There was a time when arranging your affairs to minimise your liabilities was considered tax planning. Invariably this involved steps which included offshore structures. Nowadays the very mention of the phrase has very negative connotations and has become the byword...

Requirement to Correct – Don’t ignore it!

In yet another attempt to persuade people with offshore assets to come forward, and settle any outstanding tax liabilities, HM Revenue & Customs (HMRC) has another round of new legislation in its armoury. The second 2017 Finance Act introduced extremely...

OECD: 85 Signatures and still Counting

Tax Transparency through information exchange is one of the most important and key items on the agenda nowadays. On 24 February 2015, Seychelles became the 85th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The signing of...

Luxembourg: New Year, New Rules….

Summary Article 29a of the General Tax Code on the Advance Tax Rulings and Advance Ruling Committee entered into force on 1 January 2015 in Luxembourg; Luxembourg endorsed the EU Commission’s plan to present a draft directive on mandatory automatic...