The UK Chancellor of Exchequer has launched a campaign shunning taxpayers with hidden offshore accounts hence making the process very challenging for many. In most cases tax havens have to ensure that the relevant information is provided by the clients and can be shared with relevant authorities. More freedom of information exchange on tax matters will be available once the Multilateral Convention is joined, especially for smaller states. This will help make company ownership information more transparent making it harder to launder money, evade taxes, provide funding for terrorism and get involved in corruption.
UK tax authorities have also started implementing anti-abuse regulations also known as anti-avoidance regulations stressing on the idea that tax avoidance is not a legal issue, but rather, an issue of morality.
We were approached by an Australian national who was currently holding a valid Tier 2 visa however, he wished to switch into Tier 1 Entrepreneur. Before coming to us our client has already made purchases for his future café...(Read more)
Contacted us seeking advice in regards to her refusal. Our client was refused on the basis of her business plan as it did not convince the Entry Clearance Officer that she had a Genuine Intention of setting up a business in the UK...(Read more)