Law360, London: HMRC on 14 April 2025 established the penalty structure for financial institutions that fail to comply with the UK's regulations on automatic exchange of information (AEOI), including monetary penalties for late filing and inaccurate reports.
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Private Client analysis: Pre-2012 tax planning arrangements involving the transfer of a reversionary interest have been found by the First-tier Tribunal to successfully avoid inheritance tax. Laura Poots, barrister at Pump Court Tax Chambers, explains the decision in Salinger v HMRC.
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