The Money Laundering Regulations 2003 came into effect on 1 March 2004. They now apply not only to professionals offering investment advice or arranging mortgages, but also to practitioners carrying out estate agency work and dealers in goods of any description where this involves accepting payment in cash of £10,000 or more (for example auctioneers).

The government confirmed it will be taking forward the proposed rules on offshore and onshore intermediaries. The plans to review the use of offshore employment intermediaries were announced in the last budget, while an announcement on onshore employment intermediaries was made more recently at the Autumn Statement.

In March 2014 the Russian Ministry of Finance published a draft anti-offshore law which is currently submitted for consideration by The State Duma (parliament) with the decision expected to be made by the end of 2014

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As expected, the Chancellor has announced that the changes to the taxation of non-domiciliaries will proceed in April 2017.

When it was originally launched in August 2009, the LDF was a unique disclosure facility offering terms allowing the beneficial settlement of long-standing tax issues, including undeclared offshore income and gains and IHT.

The recent Budget and the documents released alongside it indicate a sharp escalation in HMRC's 'war' on offshore tax evasion.

Whether it is a genuine step to rebalance the books or a political gamble to regain the balance of power within the coalition government following the Liberals' defeat on Lords reform, Nick Clegg's proposal (described as a ‘statement of intent’ by the BBC's political editor Nick Robinson) regarding the introduction of an emergency wealth tax in the UK has taken most by surprise.

As the Asian fund management industry matures, we are seeing larger hedge fund firms emerging in the region that are seeking institutional mandates.

Tax transparency is one of the ‘hot topics' of the moment. The tax policy of large corporates has come under increasing scrutiny from a public and media that demand companies pay ‘their fair share'.

HMRC recognises that there is nothing wrong per se with UK resident taxpayers investing in overseas bank accounts, provided that they pay the correct UK taxes on the amounts invested and the income arising.

Niall Hearty of financial crime specialists Rahman Ravelli assesses revelations about Qatari spending to secure the 2022 World Cup.

The AIMA has given a lukewarm welcome to the Treasury’s proposals for a new offshore funds tax regime.

Finance Act 2008 introduced a new capital gains tax regime for UK resident but non-domiciled beneficiaries of non-UK resident trusts.

This week 11.5 million documents from legal firm Mossack Fonseca, based in Panama, were leaked to the media.

HMRC are likely over the next few months to put banks under pressure to release information about customers’ accounts, in an investigation that may include the accounts of deceased customers, dormant and closed accounts.

This video discusses the tools that tax authorities are using to tackle tax avoidance schemes as announced in this year's UK budget, March 2016.

La Liechtenstein Disclosure Facility (LDF) venne introdotta nel settembre 2009 per permettere ai contribuenti del Regno Unito di effettuare la disclosure dei beni offshore non sottoposti a tassazione.

A look at some of the options available for investing for and gifting to the younger generation.

The 'unprecedented' amount of data the Revenue will receive from CRS-jurisdictions puts them in a stronger position of power, writes Camilla Wallace.