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uk government has stopped tax data exchange with Russian Federation
Russia was not included in the new list of countries which were approved for information exchange with UK. **According to the message of the HM Revenue and Customs (HMRC), UK has ceased the exchange of tax information with Russia.** The above-mentioned statement provides a list of countries that UK shares tax data with. Russia is not mentioned in the list of countries for 2019. Based on c...
Path: BlogGibraltar criticizes Brexit Agreement Draft
... Gibraltar. The official government position implies this agreement is an affront, which **Gibraltar** never deserved. After the agreement release, Gibraltar’s government also declared plans to consult with the UK lawyers and, later, urge the uk government to include Gibraltar in any post-Brexit transition agreements. Considering the fact that the UK Parliament promised Gibraltar that they ...
Path: BlogInvestments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review
...rrencies may be involved in other types of financial activities and the Ombudsman may consider such complaints. For example, this year the Ombudsman considered situations when people lost money from contracts for difference on cryptocurrency. The uk government takes a cautious approach especially when it comes to cryptocurrency. The government had no plans to recognize digital currencies as leg...
Path: BlogTwo more opponents of the UK policy regarding public registers
...le Inniss, at the STEP Conference. Recently, it was announced that the **British Virgin Islands (BVI)** and the **Cayman Islands**, two of the British Overseas Territories, are making preparations regarding the **launch of legal challenges to the uk government’s plans to enforce public registers listing details of beneficial ownerships of companies registered in the jurisdictions**. Both, ...
Path: BlogTo fight or not to fight for your rights
...as Territories** is one of the most controversial topics for now. This is due to the fact that each side of the conflict has its supporters and opponents. Organizations and individuals, committed to transparency and fighting poverty, call on the uk government to clamp down on tax havens. They believe that greater transparency would help these countries claim their fair share of revenue, money ...
Path: Blog5 reasons why you should form your own LTD in UK
...now you may form a limited company in a timespan of few hours. Moreover, the costs of registration are relatively low compared to corporation taxes. The latest Companies Act, made a lot of changes making it easier to create a limited company. The uk government always searches and examines ways to provide well run companies the freedom to succeed with business rather than get bogged down with ad...
Path: BlogNew financial crime combating plan was released in UK
**uk government has recently released a new action plan to combat financial crimes that among other things will include actions on cryptoassets.** Criminal elements will have nowhere left to hide their illegal gains due to a joint action made by government and businesses. The Economic Crime Plan drawn up by H.M. Treasury and the Home Office is aimed to improve the way economic crime is handle...
Path: BlogUK Crypto License
...c minimum share capital requirement for obtaining a crypto license in the UK. However, companies must demonstrate sufficient financial stability to meet operational and regulatory demands. Overview In April 2022, the uk government committed to establishing a new regulatory regime for crypto assets, balancing risks and opportunities. On February 1, 2023,...
Path: Licensing