Michael Goldstein - Posts

 

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+2 2 votes

Swiss Bank Accounts - New Agreement announced between UK and Switzerland

The UK Government has reached agreement with the Swiss Government regarding taxing Swiss bank accounts.  Over the last 3 months or so it has been expected that an announcement would be made of a special deal to tax these accounts without disclosing the identity of the account holders.

Full details have not been published as yet but a Press Release was issued this morning by HM Treasury.

The structure of the deal is that Swiss accounts ...

+6 12 votes

Offshore Disclosure: The Second Round

HM Revenue & Customs have announced the details of the New Disclosure Opportunity (NDO).  The NDO was foreshadowed by the Chancellor of the Exchequer in the Budget in April this year and although certain details of the scheme had become public knowledge in the last couple of months, HMRC has not formally published the details until now.

 

The NDO is a rerun of the Offshore Disclosure Facility (ODF) which was available in 2007.&...

+2 8 votes

Online Filing

HM Revenue & Customs are pressing ahead with the drive to require all businesses to file returns online.

 

From April 2010, all VAT-registered businesses with an annual turnover of £100,000 or more and all newly registered businesses, regardless of the level of their turnover,  will be required to file their VAT returns online and will have to make their VAT payments electronically.  Businesses with a turnover of less...

+5 5 votes

Offshore Disclosure Facility - if at first you don’t succeed try again

We understand that HM Revenue & Customs are expected to announce a new Offshore Disclosure Facility (ODF) in 2009.

The Offshore Disclosure Facility is a process which was available for a few months in 2007 to encourage people to come forward and make disclosures of offshore bank accounts that had previously been undisclosed.   By making a voluntary disclosure of the income which had not been shown on tax returns, the taxpayer could ...
+4 4 votes

Taking advantage of falling share prices

In the current climate, with great uncertainty in the financial markets and the possibility that we are in, or are about to enter, a recession, there is a general mood of gloom.  Whilst it is important to concentrate on weathering the current storm, we should also not overlook the opportunities to plan for better times.

One area where this is particularly relevant is in the field of employee share incentives.  Many companies offer shar...