The Royal Bank of Scotland is set to argue the Treasury’s stance on a scheme
whereby a group of City traders had their bonuses paid into an offshore trust.
The Treasury is arguing the traders are trying to avoid paying income tax and
NIC on their six-figure bonuses, according to
The scheme reportedly involved the bonus being paid into an offshore trust
and cash being paid to the spouses of the traders – from RBS Sempra Metals, as
It has been reported an RBS spokesman said that bonus payments into the Isle
of Man ceased when it took over control of Sempra Metals, but a high court
appeal against the tribunal ruling continued.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states