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United Kingdom: Illegal Immigrant Jailed for £500,000 Tax Fraud

(Aug. 16, 2010) Dmytro Shepel, an illegal immigrant originally from Ukraine but living in the United Kingdom under a false Lithuanian identity and passport, has recently been sentenced to imprisonment for three and a half years for tax fraud. Shepel registered 350 fictitious people under the tax assessment system and then, over a two-year period, […]

United Kingdom: Stock Broker Fined £2.8 Million for Market Abuse

(May 25, 2010) The Financial Services Authority (FSA), the independent body in charge of regulating financial services in the United Kingdom, has issued the largest fine to an individual in its history — £2.8 million (about US$4.4 million) to a stockbroker. The FSA found that the stockbroker was involved in a “share ramping scheme” in […]

United Kingdom: New Coalition Government Publishes Policy Plans

(May 25, 2010) The United Kingdom's new coalition government, formed by the Conservative Party and the Liberal Democrat Party after the May 2010 election resulted in a hung Parliament, has published its policy plans. These plans reference over 30 subject areas, including taxation, defense, immigration, national security, banking, and civil liberties. They contain a wide […]

United Kingdom: General Election Soon to Occur, with New Constituency Boundaries

(May 6, 2010) On April 6, 2009, United Kingdom Prime Minister Gordon Brown announced that a General Parliamentary Election (also commonly referred to as a general election or national election) would be held on May 6, 2010. A significant legal development in this election is that new constituency boundaries will be followed. These boundary changes […]

United Kingdom: Anti-Terrorism Detention Provisions Called Into Question

(Jan. 26, 2010) The United Kingdom's rocky road with its anti-terrorism legislation has continued with the High Court ruling that in the case of two individuals subject to “control orders” – orders that impose conditions similar to house arrest aimed at disrupting and preventing terrorist activity – could claim compensation as the control orders had […]

United Kingdom: British National Party Member Arrested on Suspicion of Terrorism

(Jan. 25, 2010) A member of the British National Party, a far right political party, has been jailed for 11 years after pleading guilty to 22 offenses, including collecting information useful for terrorism and possessing explosives and firearms. Police had discovered a significant amount of explosive devices and firearms at his home. During sentencing, the […]

United Kingdom: New Supreme Court Opens for Business

(Oct. 9, 2009) The new Supreme Court of the United Kingdom began operation on October 1, 2009. Its creation is designed to increase transparency and further enhance the separation of powers between the executive, the legislature, and the judiciary in the UK and is provided for in the Constitutional Reform Act 2005. Prior to the […]

Liechtenstein; United Kingdom: Agreement on Exchange of Tax Information

(Oct. 6, 2009) On August 11, 2009, Liechtenstein and the United Kingdom signed a Tax Information Exchange Agreement and a Memorandum of Understanding on Cooperation in Tax Matters. The Agreement provides for the exchange of information in tax matters in a manner that is expected to live up to the standards of transparency called for […]

United Kingdom: Ruling Requires British Offshore Accounts Be Revealed

(Aug. 25, 2009) A recent ruling by the Special Commissioners, the tax courts of the United Kingdom, requires over 300 UK and foreign banks to disclose the details of 500,000 British taxpayers' accounts. The UK's tax authority, HM Revenue and Customs (HMRC), estimates that this may enable them to recover over £500 million (approximately US$800 […]

United Kingdom: New Supreme Court

(Aug. 18, 2009) The last judgments of the Law Lords of the United Kingdom took place on July 30, 2009. This will be a significant date in Britain's constitutional history, as it will mark the end of the judicial function of the House of Lords. The House of Lords will from here on have only […]