Are we likely to see the end of FATCA any time soon? FATCA came into force in 2014. It requires foreign financial institutions (FFIs) to disclose their US clients’ accounts, either to their own domestic tax authority or directly to the US Internal Revenue Service (IRS). At the time of 
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Kaye Adams v HMRC: Tribunal defeat broadcasts HMRC’s problems with IR35 Introduction As has been previously noted on the pages of this ‘blog, the vocabulary employed by HMRC to describe its pursuit of those whom it regards as unfairly dodging their fair share in tax is somewhat muscular. For instance, 
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Derry Case: a failed attempt in ‘legal archaeology?’ Derry case: Introduction There is no shortage of small businesses and personal taxpayers who confess to being more than a little confused by tax. When you consider the length (more than 21,000 pages) of the handbook relied on by so many to 
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Derry Supreme Court case – a technical overview Background – Derry Supreme Court case Earlier this week, the Supreme Court handed down its judgement in the Derry case. The decision was a unanimous one in favour of the taxpayer. However, even in the heady world of tax, this was not 
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Case Comment: Hull City AFC (Tigers) v The Commissioners for HM Revenue & Customs The First Tier Tax Tribunal has published its decision in the case of Hull City AFC (Tigers) v HMRC. This decision is the first in respect of footballers’ image rights since Sports Club Plc v HM 
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Corporation Tax, HMRC & Late Filling Penalties – Introduction Corporation tax is due on the profits arising to UK limited companies and foreign companies with UK branches or offices. It is also due on trading profit, investment income and gains arising to clubs, cooperatives and other unincorporated associations such as 
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Income Tax Penalties, Appeals & Interest… An Introduction HMRC imposes income tax penalties where; Income tax returns are filed late; Income tax is paid late; Where the taxpayer has failed to notify HMRC of their chargeability to income tax; Where the there are errors in returns and documents provided to 
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Individual Taxable Income – The Self-Assessment Tax Return Process Many of you will have received a tax coding notice from HMRC over the past couple of weeks, but what does this mean and is your code correct? A tax code is a way for HMRC to collect tax on an 
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Information notices and the long reach of the tax man The Court of Appeal has decided in HMRC’s favour in an important decision about the department’s powers. The decision concerned HMRC’s ability to issue Schedule 36 information notices outside the UK. Such information notices are formal requests for information under 
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HMRC & Offshore Tax Penalties – The Facts Introduction According to Government figures, HMRC have raised over 32.9 billion from tackling offshore tax evasion and avoidance since 2010. The Requirement to Correct and associated Worldwide Disclosure Facility encouraged over 18,000 individuals to come forward by the 30 September 2018 deadline 
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