In response to a parliamentary written question, the Department for Business, Innovation and Skills (BIS) have provided limited information on their timeline to formulate and implement plans to establish a public register of company beneficial ownership information for foreign companies who already own or buy property in the UK, as announced at the Anti-Corruption Summit hosted by David Cameron in May. A period of informal consultation with experts to develop policy will precede a formal consultation on policy detail. Implementation is likely to require primary and secondary legislation which the BIS state they intend to introduce when Parliamentary time allows.
In the last in our series of articles for Economia about how BEPS isn’t just a tax matter, Julie Hughff considers BEPS in the context of people, the tax function and the public profile.
Information on the alternative reporting regime for Bermuda has been published.
HMRC have published a number of compliance check factsheets:
Joint research from KPMG International and The Consumer Goods Forum reveals that companies who want to keep in front of change and secure competitive advantage are transforming to maintain a competitive advantage.
A fundamental review of consumer investment products is needed, according to a new report from KPMG International.