Treasury of the United Kingdom

Following accusations of poor training by an investigative television programme, the UK's Treasury Select Committee has set out “important points of principle” it expects to be reflected in the review of the Financial Ombudsman Service (FOS).

In this edition: The UK Treasury, the OECD and the European Commission released a series of papers on corporate tax and the digital economy; The U.S. Chamber of Commerce released its comments regarding tax reform under Public Law No. 115-7; The Hong Kong Inland Revenue Department ...

Targeting value-added tax fraud among overseas e-marketplace traders, the legislation will be “a significant change to the way in which these marketplaces operate,” Mel Stride, the U.K. Treasury's financial secretary, told Bloomberg Tax in an exclusive interview. “Online marketplaces have a really positive ...

The Financial Conduct Authority (FCA) announced on Monday that it is working with the Bank of England and the UK Treasury on a discussion paper for cryptocurrencies. “Cryptocurrencies has been an area of increasing interest for markets and regulators globally,” the FCA's 2018 business plan stated.

On 29 March 2018, the Treasury Commons Select Committee (the “Committee“) announced an inquiry into economic crime in the UK. The inquiry will have two strands: the anti-money laundering, counter-terrorist financing and sanctions regimes in relation to which the Committee is seeking evidence on, ...

The House of Commons Treasury Select Committee has announced several tax inquiries to assess the progress made by Her Majesty's Revenue and Customs in tackling offshore tax evasion and in discouraging the use of tax avoidance schemes. An inquiry by the Treasury Sub-Committee intends to ...

The Welsh Government wants Air Passenger Duty devolved for the purpose of abolishing the longhaul rate entirely to support efforts to attract more longhaul carriers to Cardiff Airport, which it owns. On longhaul APD the tax take from Cardiff Airport to the UK Treasury is around £10m a year. However, the ...

On 22 March 2018, HM Treasury will host the second International FinTech Conference in London. For the second year, Money Mover has been selected to exhibit alongside a select group of UK FinTechs. With an extensive programme of speeches, panels and workshops from global industry leaders, ...

SCOTLAND's minimum unit pricing (MUP) will see the Treasury's coffers dented by £40 million a year, according to a report by the Office for Budget Responsibility (OBR). The Scottish Government said this was proof that the policy would work. The OBR report, published at the same time as Philip ...

LONDON (AP) - Britain's Treasury chief claimed Tuesday there is "light at the end of the tunnel" for the economy as public debt finally starts to drop a decade on from the rupture caused by the global financial crisis. In an address to lawmakers, Philip Hammond said the British economy is set to grow by 1.5 ...

Saudi Crown Prince Mohammed bin Salman met on Thursday with UK Treasury chief Philip Hammond, accompanied by executive heads of major British companies, in the presence of the official delegation accompanying the Crown Prince. During the meeting, they reviewed aspects of cooperation ...

The U.K. Treasury's tax simplification adviser is finalizing a consultative panel to support its first review into the country's complicated and divisive inheritance tax laws. “Every review we do has a consultative committee,” Paul Morton, the Office of Tax Simplification's tax director, told Bloomberg Tax. For the ...

On Monday morning, the UK government's former chief legal adviser Sir Paul Jenkins passed away. Matt Ross and Kevin Sorkin pay tribute to a man who combined legal and managerial talents with a huge personal commitment to building a better world. Sir Paul Jenkins, who died this morning aged 63, ...

The UK Treasury Committee will review current regulatory efforts toward cryptocurrencies and weigh in on how to best balance support for enterprises that ... On February 22, 2018, the UK's Treasury Committee revealed that it would conduct an inquiry to better understand the role of cryptocurrencies in ...

The U.K. Treasury has today announced that it will conduct an inquiry into issues around cryptocurrencies and blockchain technology. Launched by the Treasury Committee, the investigation will take several angles including examining the role of cryptocurrencies in Britain, including potential "opportunities ...