Regulation

The Ukrainian parliament has adopted a law commonly referred to as the Tax Amnesty Law, which introduces voluntary disclosure program with respect to unreported taxable income and assets, international law firm Baker McKenzie has noted.

HMRC has shut down its specialist unit focused on Family Investment Companies (FICs) after it found no correlation between usage and non-compliant behaviours

Law firm Mishcon de Reya and its former head of sport face prosecution over the way the company handled money for some of its sports clients

HMRC has launched a new consultation proposing changes to  the tax treatment of the self-employed, including members of professional partnerships which will, if introduced, aim to simplify the manner in which their income tax liabilities are calculated

Napier, a London-based provider of anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC)

The UK’s Charity Commission has uncovered a trustee who controlled multiple charities and misled the regulator about his identity.

Nearly two thirds of professionals responding to a new survey felt that more needs to be done to ensure that remote hearings – now commonplace in the family court because of COVID-19 – were fair and worked smoothly

Following a Freedom of Information request, London-based independent law firm Gherson Solicitors has shown that HMRC has requested information from other tax administrations to obtain information held by cryptoasset exchanges and data holders outside the UK

A Norwegian law firm has partnered with tech provider Attensi to create an anti-money laundering app

Russian business owners will be able to transfer business and personal assets worth at least RUB 100 million to new private foundations established under Russian law, from 1 March 2022