Following publication of the FCA’s guidance on ‘The treatment of politically exposed persons for anti-money laundering purposes’ on 11 July (see http://bit.ly/2vyahYx), HMRC has updated its four sets of money laundering supervision guidance, covering e
The Childcare Payments Act 2014 (Commencement No 4) Regulations, SI 2017/750, bring into effect from 14 July 2017 the new childcare payments scheme (‘tax-free childcare’) for children born on or after 1 April 2013 and before 1 September 2013, and their siblings.
The Child Trust Funds (Amendment No 2) Regulations, SI 2017/748, provide that, with effect from 1 October 2017, the person with authority to manage child trust fund (CTF) accounts of ‘looked-after children’ is the person appointed by the Treasury or Secretary of State (replacing references to the
HMRC’s latest annual report and accounts show total revenues collected in 2016/17 of £574.9bn, which is an increase of £38.1bn (7.1%) compared with 2015/16. The report breaks this increase down as follows:
The Criminal Finances Act 2017 (Commencement No 1) Regulations, SI 2017/739, bring into effect from 30 September 2017 the two new corporate offences of failure to prevent facilitation of tax evasion, one in relation to UK taxes and the other for foreign taxes, contained in Part 3 of the Act.
The Police and Criminal Evidence Act 1984 (Application to Revenue and Customs) (Amendment) Order, SI 2017/736, extends HMRC’s powers under the Act in England and Wales with effect from 2 August 2017, permitting HMRC officers to apply to a magistrates’ court to extend a suspect’s pre-charge bail p
Nicky Morgan has been elected chair of the Commons Treasury select committee. The former economic secretary and financial secretary to the Treasury succeeds Andrew Tyrie, who stepped down as an MP before the general election.
HMRC has published the following:
Withdrawal from appeal and liability for costs
Jurisdiction of the FTT in relation to PPNs