A recent report from the tax tribunal has revealed that every year some 350,000 returns are submitted by individuals on a purely voluntary basis – largely by PAYE taxpayers who want to obtain a tax refund. However a recent tribunal decision has deci
Maltese individuals resident and domiciled for tax purposes, that is people whose permanent residence is in Malta, are required to pay tax in Malta on their worldwide income
Changes to stamp duty, a UK property tax, have been blamed for this, with the levy imposed on homes worth more than £1.5 million being increased to 12 per cent of the purchase price.
Tax investigations expert Fiona Fernie of Pinsent Masons, the law firm behind Out-Law.com, said that HMRC was likely to want to "build on this success and ratchet up return on investment even further" over the coming year.
Corporate earnings will plunge, stock prices will collapse, unemployment will soar and pension funds that depend on those stock prices will become impaired.