Regulation

The UK government’s plan to take people with Pay As You Earn (PAYE) linked earnings of between £100,000 and £150,000 per annum and no other substantive sources of income, out of the Self-Assessment Tax Return system will result in many taxpayers in this bracket overpaying taxes, tax and advisory firm Blick Rothenberg has warned

The Belgian Data protection authority has declared unlawful, and decided to prohibit, the transfers of personal data of Belgian “Accidental Americans” by the Belgian Federal Public Service Finance (FPS Finance) to the US tax authorities under the intergovernmental FATCA agreement

Almost 10 years ago HMRC launched a disclosure facility aimed at individuals who had received property income, in the UK or abroad, but had failed to disclose this in their tax returns

International law firm RPC is launching Tax Take +, a free go-to platform for accountants and tax advisers featuring guidance notes, news stories, podcasts, webinars, vlogs and an interactive chat function

Sierra Leone has joined the Organisation for Economic Co-operation and Development’s (OECD) Global Forum on tax transparency and exchange of information 

The Solicitors Regulation Authority (SRA) has launched a consultation on its proposed corporate strategy for 2023-2026

Guernsey, the Isle of Man and Jersey have agreed a joint approach to the Organisation for Economic Co-operation and Development’s (OECD) ‘Pillar Two’ model rules for domestic implementation of 15 percent global minimum tax

The Isle of Man Financial Services Authority has published a document setting out its updated approach to supervising the island’s finance sector

The UK Treasury committee has called for cryptocurrency trading to be regulated as gambling

Clearer government policy to stimulate growth in UK technology companies is needed, while healthy immigration will be key to boosting the sector’s workforce, according to audit, tax and consulting firm RSM UK