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The week on eprivateclient: Edwin Coe, HMRC, Macfarlanes, Sir Bradley Wiggins and more...
12/03/2018 , Will Sidery

A look at the top stories on eprivateclient this week…

Monday

North of England based accountancy and financial advisory firm Armstrong Watson snaps up the Glasgow office of Haines Watts as part of Armstrong Watson's plans to expand the business across Scotland and the North of England

In its first incarnation of 2018, Tax Titbits – penned by EY’s Jemma Fleming – looks at the publication of HMRC guidance on the changes to the taxation of non-UK domiciled individuals, IHT on UK residential property interests, as well as the long overdue guidance on the ‘cleansing’ provisions

Tuesday

New York-based EisnerAmper, a US firm which provides accounting, tax and consulting services to global financial firms, opens a London office. The firm has appointed Robert Mirsky as head of asset management group and head of the new office

Wednesday

HMRC publishes proposals to allow more time to investigate when someone has not declared the right amount of tax. The new, tougher penalties take effect from 1 October 2018 and HMRC’s advice is that anyone with overseas assets "needs to put their cards on the table quickly or risk much bigger fines"

UK law firm Edwin Coe welcomes Withers alumni Andrew Terry as a corporate tax lawyer and Elena Solovyeva as an associate to the firm's tax team

Under-fire British Olympic cycling champion, Sir Bradley Wiggins, is named as one of the 400 investors in a £100 million charity tax avoidance scheme, which used artificial gift aid claims to help donors reduce their tax bills

Thursday

UK law firm Macfarlanes adds four partners, with the individuals starting their roles in May 2018. Among the four is Isobel Morton, who trained at the firm and becomes a partner in private client

As a consequence of a 'titanic' 2017 row between the UK RNLI and Jersey's lifeboatmen, the latter can now safely patrol the shores of the Channel Island, having received support from offshore law firm, Collas Crill

Friday

With a triple threat looming for wealthy UK taxpayers, HMRC's "growing punitive power" will become a complex and "thorny" issue for both taxpayers and accountants, head of private wealth at accountancy firm Saffery Champness, James Hender, warns

UK law firm Royds Withy King strengthens its Oxford and Bath offices with the appointment of three new partners including family law specialist Will MacFarlane from Withers

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