Amendments to Swiss Tax Agreement

June 29, 2012 by  | Leave a Comment Filed under: Taxes 

The UK-Switzerland Tax Agreement was signed on 6 October 2011. The legislation to put it into effect is in the 2012 Finance Bill; which should get Royal Assent (and become law) in July this year, and come into force in January 2013. On 20 March 2012 the UK and Switzerland signed a (read on...)



How the Tax Man Views Contractors and Employees

December 10, 2011 by  | Leave a Comment Filed under: Taxes 

In the instance that one gets to work during the holidays, it is important to be to ensure that one does not end up paying more than what was originally expected to the tax Service. Most businesses are now employing people as independent contractors and not as employees. When an individual is (read on...)

Does the Tax Man Have Absolute Mandate?

December 10, 2011 by  | Leave a Comment Filed under: Taxes 

There are instances where the tax man evaluates a tax filing involving a business and sometimes, IRS employees pose questions linked to the storing of records and the manner in which business dealings are carried out. The above exposition raises the often controversial question concerning the (read on...)

Overseas Property Blitz

December 3, 2011 by  | Leave a Comment Filed under: Taxes 

The taxman’s newly formed specialist HMRC tax compliance unit – the”Affluence team” – has commenced its first major project: targeting wealthy Brits who own land and property abroad. It is rumoured that HMRC are saying it suspects about 350,000 UK tax residents, with (read on...)

Swiss Bank Secrecy: Going, Going, Gone?

September 12, 2011 by  | Leave a Comment Filed under: Taxes 

The UK has done a deal with the Swiss government that tears up the rulebook on the fabled Swiss banking secrecy. From 2013 UK taxman will collect tax from Swiss bank accounts held by UK residents: and, just as crucially, get complete access to all Swiss bank details of selected UK (read on...)