Weather
18 ° C
18°C
13°C
Light Rain Showers
Breaking News

1 new case of Covid-19 on 24 Oct. brings total to 296: 8 hospitalised - 2 resident, 5 in ICU - 2 resident, 44 home monitored, 244 healed, 1 resident death

HMRC tries new tactic

HMRC tries new tactic

By Staff Writer - December 5, 2016

HMRC investigates suspected Money Laundering Regulations breaches.Photo: HM Revenue & Customs
HMRC investigates suspected Money Laundering Regulations breaches.Photo: HM Revenue & Customs

The UK tax authorities have announced a consultation period on plans intended to limit the number and efficiency of complex offshore arrangements that aim to bring tax advantages to UK taxpayers.

Businesses such as agents, advisers and accountants would be provided with a “notification number” to pass on to their clients, who would then be expected to use this number when making UK tax returns.

Earlier this year a Monaco-based accountant narrowly escaped a jail term in the UK for his involvement in a tax scheme centred on a service that was never provided. A complex structure involved a company in Guernsey, and investors received tax reductions that were bigger than their investments.

The consultation period ends on February 27, 2017.

 

shares
SHARE
Previous articleIAAF in Monaco on track for reform
Next article“Fun, food and a positive spirit for the ocean” with TAF

daily

October 23, 2020 | Business & Finance

MEB not stopped by pandemic

Stephanie Horsman

The MEB has taken stock of a difficult year at its annual General Assembly meeting and discussed how it plans to help with economic recovery.  

0
October 21, 2020 | Business & Finance

Partnership boosts digital transition support

Stephanie Horsman

Actis and Docaposte are now official partners and ready to help Monegasque companies in their journeys to a digital transition with the new online platform mademat.mc.

0
October 21, 2020 | Business & Finance

Panthera Solutions secures 2nd European award

Cassandra Tanti

Monaco-based Panthera Solutions has again been named Best Financial Service Provider Europe, excluding banks, by the international magazine The European in its 2020 awards. 

0
Cassandra Tanti

Four new ambassadors have presented their Letters of Credence to HSH Prince Albert and have been officially welcomed by the Monaco government.

0