HM Revenue & Customs (HMRC)
Op risk data: Chronic corruption charges cost Deutsche dear
Also: Wells Fargo fee fight; Nasdaq queers Emir reg; Covid keeps AML fines in line. Data by ORX News
HMRC excludes client clearing from UK bank levy
UK tax authorities exclude client collateral received as a result of clearing activities from bank levy, after complaints it would act as a disincentive to clearing
Retail investors may be paying tax unnecessarily
A loophole in the UK's tax rules relating to financial advisers means investors can avoid paying VAT on certain transactions, but some advisers could be charging it nevertheless
UK insurers ‘in limbo’ as HMRC reviews tax break for perpetual debt
Consultation undermines level playing field between banks and insurers on capital issuance
HMRC grappling with impact of UK bank levy on clearing
HM Revenue & Customs "does not wish to discourage" client clearing business, which is caught by UK balance sheet tax
Tax clampdown hits UK hedge fund LLPs
Changes in UK taxation rules coupled with restrictions on employee remuneration in the AIFMD could lead to higher costs and some complications for hedge fund limited liability partnerships (LLPs)
Final Fatca regulations must provide clarity, experts warn
Industry hopes for more detail and draft agreements later this month
Structured product 'disguised' interest may be subject to higher taxes
Returns on more structured products could be subject to income tax rather than capital gains tax following a tightening of the law by the UK tax authority
UK parliament renews pressure on Barclays tax avoidance
Tyrie calls for more action on tax schemes
Handling a dawn raid
Handling a dawn raid
New SFO director takes on troubled agency
David Green replaces Richard Alderman
Draft Fatca regulations will include reciprocity, experts say
Industry experts say Fatca draft regulations are likely to include reciprocity elements