HM Revenue and Customs has assumed new powers to tackle tax fraud and evasion as key parts of new legislation take effect, including tougher rules on construction industry schemes and penalties for promoters of tax avoidance arrangements. Correction: A previous version of this article misstated which HMRC reforms took effect on April 6. The error has been corrected.
HM Revenue and Customs has assumed new powers to tackle tax fraud and evasion as key parts of new legislation take effect, including tougher rules on construction industry schemes and penalties for promoters of tax avoidance arrangements. Correction: A previous version of this article misstated which HMRC reforms took effect on April 6. The error has been corrected.
A trade body for financial institutions raised concerns on Tuesday over how a new national online identity system will work alongside the existing requirement for checks to identify future customers under the money laundering regulations.
Two brothers accused of owing almost £5 million in outstanding payments on an investment loan have alleged their signatures were forged on loan agreements.
Trade bodies for U.K. and European financial institutions have urged HM Treasury to extend post-Brexit capital rules that allow overseas businesses to operate in Britain when they comply with home regulations.
The Financial Conduct Authority and the Prudential Regulation Authority have added DWF to their panels that provide oversight of the financial sector, the law firm said Tuesday.
Dutch bank ING Groep NV said Tuesday that it will not sell Russian subsidiary ING Bank (Eurasia) JSC to Global Development JSC as it does not expect the Moscow-based buyer to get regulatory approvals.
