Micro News

Micro News

The Cayman Islands Tax Information Authority have clarified some of the timescales for reporting the economic substance requirements that came into force at the start of the year in January 2019. An economic substance notification will be required for all entities with separate legal personality and…


The German government's proposed legislation to implement the EU 5th Anti-Money Laundering Directive has important implications for estate agents, who will have to notify suspected money laundering hidden in leases worth over EUR €10,000 a month, including purchasing e-money, selling and online exchanges. It…


The European Central Bank has had to close down one of its subscriber databases after hackers injected malware onto the server and stole subscribers' data such as emails and passwords. The ECB is contacting people whose data may have been affected. The website is known as BIRD: and stands for the Banks'…


Italy Demands Information Swiss UBS Clients

Italy's tax agency has asked the Swiss Federal Tax Administration to gather and deliver information regarding the bank accounts of all UBS' Italian clients between the months of February 2015 and December 2016. The administrative assistance request was made last year in December, however the Swiss authorities…


The number of non-domiciled taxpayers in the UK fell by 13% to 78,300 in the 2017-2018 tax year, according to recent figures from HMRC. Half of the decline in the non-domiciled numbers resulted from a number of residents leaving the UK, and the other half can be attributed to individuals changing to…



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