At £17,800, the residents of Elmbridge in Surrey (which includes the wealthy towns of Esher, Walton-on-Thames, Cobham and Weybridge) paid, on average, the highest levels of income tax in the UK. The mean income of residents was £64,500, more than double the UK average of £29,600. On average UK residents pay around £4,820 a year to the Treasury in income…
More…
Freud settles up
At £17,800, the residents of Elmbridge in Surrey (which includes the wealthy towns of Esher, Walton-on-Thames, Cobham and Weybridge) paid, on average, the highest levels of income tax in the UK. The mean income of residents was £64,500, more than double the UK average of £29,600. On average UK residents pay around £4,820 a year to the Treasury in income…
More…
Exchange of information update
The Crown dependencies and overseas territories (with the exception of Anguilla and Guernsey) have agreed that they will provide information on the beneficial ownership of companies registered in their jurisdictions to UK law enforcement and tax agencies. This month the EU’s five largest economies have banded together to automatically share information on the ultimate owners of companies – the latest…
More…
Not worth your weight in gold
HMRC has issued a warning to companies paying their staff in gold bars as a way of reducing tax liability. Such schemes (referred to as ‘disguised remuneration’ schemes) depend on the employee paying the value of the gold to a trust at some point in the future and make the erroneous assumption that this obligation makes the initial receipt of…
More…
Staff tax evasion must be reported
UK and foreign companies will become criminally liable for failing to stop their staff facilitating tax evasion if new government proposals are adopted. ‘The criminal law currently renders corporations that refrain from implementing good corporate governance and strong reporting procedures hard to prosecute, and offers no incentive to invest in such procedures,’ the government said in a consultation paper. The…
More…
- Page 2 of 2
- 1
- 2