Bespoke - for private clients
Thursday, July 05, 2012 | Posted by: Francesca Lagerberg
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax planning,
Francesca Lagerberg,
tax avoidance,
GAAR,
tax evasion,
UK GAAR,
general anti-avoidance rule,
general anti-abuse rule,
reasonable,
aggressive
Draft legislation for a general anti-abuse rule (GAAR) to tackle tax avoidance in the UK was published last month – to a mixed response. Do the proposals clearly separate ‘reasonable’ from ‘abusive’? And will the new GAAR (previously known as the general anti-avoidance rule) affect your tax planning arrangements?
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Wednesday, June 13, 2012 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
HMRC,
offshore,
income tax,
Dave Jennings,
tax avoidance,
tax havens,
disclosure,
investigation,
banking,
penalties,
Liechtenstein Disclosure Facility,
Liechtenstein,
tax amnesty,
Switzerland,
LDF,
tax evasion,
savings,
offshore bank accounts,
Tax Investigations,
UK-Swiss deal,
secrecy
The UK-Swiss tax deal just got more expensive for Swiss bank account holders following changes to a similar agreement between Switzerland and Germany. Find out exactly what the changes mean for UK holders of Swiss bank accounts…
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Tuesday, May 01, 2012 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax planning,
capital gains tax,
inheritance tax,
CGT,
IHT,
tax avoidance,
George Osborne,
Mike Hyland,
non-dom,
minimise,
non-domicile,
stamp duty land tax,
Budget 2012,
avoidance,
non-doms,
SDLT,
residential property,
non-natural person,
property development,
property investment
Buyers and owners of high-value residential property are the latest group to be chased for potential tax avoidance. Chancellor George Osborne believes they are avoiding taxes too readily and announced a raft of changes aimed at extracting tax in the recent Budget. Find out if you’re affected, and by how much, below
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Friday, March 23, 2012 | Posted by: Fiona Cullinan
Categories:
Personal,
Protecting your wealth
| Tags: tax,
tax avoidance,
budget,
GAAR,
residence,
personal allowance,
Budget 2012,
budget2012,
non-doms,
Craig Kemsley,
pension tax relief,
50% tax
How will UK Budget 2012 affect high earners and entrepreneurs? Craig Kemsley, Head of London Private Client at Grant Thornton, gives a summary – watch the video or continue reading for a text roundup of the main points.
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Wednesday, March 21, 2012 | Posted by: Francesca Lagerberg
Categories:
Personal,
Protecting your wealth
| Tags: tax,
Francesca Lagerberg,
tax avoidance,
budget,
GAAR,
residence,
personal allowance,
stamp duty land tax,
50p tax rate,
budget2012,
non-doms,
pension tax relief,
mansion tax,
SDLT,
50% tax rate
There was something of a Budget ‘give away’ flavour to the Chancellor George Osborne’s speech. So what were the big Budget 2012 changes for individuals, higher earners and high net worth individuals (HNWIs)? Francesca Lagerberg, Head of Tax at Grant Thornton, reviews today’s Budget highlights.
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Tuesday, March 13, 2012 | Posted by: Francesca Lagerberg
Categories:
Business,
Personal,
Protecting your wealth
| Tags: tax,
Francesca Lagerberg,
VAT,
tax avoidance,
budget,
GAAR,
residence,
predictions,
personal allowance,
stamp duty land tax,
luxury goods,
budget2012,
non-doms,
pension tax relief,
mansion tax,
SDLT,
50% tax
How are high net worth individuals (HNWIs) and high earners in the UK likely to be affected in next week’s Budget? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions, from pension tax relief to a potential new VAT on luxury goods.
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Tuesday, December 20, 2011 | Posted by: Naomi Smith
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
offshore,
inheritance tax,
IHT,
tax avoidance,
tax havens,
domicile,
non-dom,
Naomi Smith,
tax haven,
tax evasion,
IHT planning,
discretionary trusts,
tax saving,
offshore trusts,
offshore investment wrappers,
investment income
As HM Revenue & Customs (HMRC) steps up its mission to prevent British taxpayers illegally evading tax by holding their investments offshore and ‘forgetting’ to report them on their tax returns, we look at two legitimate opportunities to save tax through offshore set-ups: offshore investment wrappers and offshore trusts.
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Wednesday, August 17, 2011 | Posted by: Dave Jennings
Categories:
Personal,
Protecting your wealth
| Tags: tax,
entrepreneurs,
HMRC,
offshore,
income tax,
government,
Dave Jennings,
tax avoidance,
budget,
disclosure,
investigation,
penalties,
income,
relief,
Liechtenstein Disclosure Facility,
Liechtenstein,
amnesty
The plumbers amnesty (Plumber’s Tax Safe Plan or PTSP) that HM Revenue & Customs (HMRC) launched in March, was criticised as being a ‘damp squib’ at the time after a low take-up with many plumbers unconvinced that HMRC had any information about any undisclosed earnings. HMRC has hit back with news that it has arrested five plumbers on suspicion of tax evasion.
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Monday, August 01, 2011 | Posted by: Dave Jennings
Categories:
Business,
Employer,
Personal
| Tags: income tax,
Dave Jennings,
tax avoidance,
NIC,
consultation,
National Insurance,
Office for Tax Simplification,
OTS,
PAYE,
National Insurance Contributions,
Tax Investigations,
Real Time Information,
merger,
pensioners
Integrating income tax and National Insurance will reduce the administrative burden on employers and stem the number of mistakes made in administering PAYE, says HM Revenue & Customs. Under a new ‘call for evidence’, you have until September 2011 to agree or disagree. Is this genuine red tape-cutting or a tax-raising agenda?
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Wednesday, July 13, 2011 | Posted by: Dave Jennings
Categories:
Protecting your wealth
| Tags: tax,
tax planning,
Dave Jennings,
tax avoidance,
consultation,
cash flow,
benefits,
Tax Investigations,
avoidance,
anti-avoidance,
schemes,
deferral,
high risk
Taxpayers are being encouraged to think twice before entering into listed, aggressive tax avoidance arrangements. But the proposed preventative measures may target some people and hit them with a punitive double charge.
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