The FSA and HMRC must address widespread confusion over when VAT is applicable to advice-giving post-RDR, industry experts argue.
HM Revenue & Customs (HMRC) is extending the declaration deadline for taxpayers with offshore investments.
Savers stashing money offshore to avoid paying tax have been warned the "game is up" by HMRC as the Government mulls more measures to prevent tax avoidance, according to reports.
Offshore investors who were wrongly advised and have "accidentally" avoided paying tax will not be hit by fines as part of a Government crackdown.
HMRC has released a podcast to highlight its power to catch and punish tax evaders who ignore the opportunity to settle up any unpaid tax using the New Disclosure Opportunity (NDO).
HMRC has launched a revised version of its 302 page Residence, Domicile and Remittances Manual, including an updated chapter on the remittance basis.
UK building societies, including the Nationwide, and former mutuals have become the latest HMRC targets in a crackdown on offshore accounts, according to newspaper reports.
The FSA has banned and fined a London mortgage broker for submitting false and misleading mortgage applications with massively inflated incomes.
Every bank with a UK presence has been ordered to surrender details of customers holding offshore accounts to HMRC.