Skip to content
Search

Latest Stories

UK residents asked to disclose income on foreign assets

TAXPAYERS have been asked to declare any foreign income or profits on offshore assets before September 30 as Britain cracks down on tax avoidance.

Income made on property, or from banks accounts, arts and artifacts should be disclosed under the new legislation called “Requirement to Correct”.


British tax payes who rent a property abroad, transfer income and assets from one country to another, or even renting out a UK property when living abroad could mean taxpayers face a tax bill in the UK.

Financial secretary to the Treasury Mel Stride MP said: “Since 2010 we have secured over £2.8 billion for our vital public services by tackling offshore tax evaders, and we will continue to relentlessly crack down on those not playing by the rules.

“This new measure will place higher penalties on those who do not contact HMRC and ensure their offshore tax liabilities are correct. I urge anyone affected to get in touch with HMRC now.”

See gov.uk for further details on the Requirement to Correct

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Leicester drug supplier Sarju Khushal jailed for 11 years over £2m operation

Sarju Khushal

Leicester drug supplier Sarju Khushal jailed for 11 years over £2m operation

A MAN who supplied controlled drugs on a ‘wholesale’ scale across Leicestershire has been sentenced to 11 years in prison. Sarju Khushal, 30, was arrested in 2022 after investigations revealed he had been transporting drugs from Lancashire into the area.

Khushal, formerly of Hazeldene Road, Leicester, pleaded guilty to several charges, including the supply and conspiracy to supply class A drugs. He was sentenced at Leicester crown court last Thursday (6).

Keep ReadingShow less
Tamil Nadu Education

Tamil, one of the oldest living languages in the world, is a source of pride for the state’s people

Getty images

Education or imposition? Tamil Nadu battles India government over Hindi in schools

A war of words has erupted between Tamil Nadu’s Chief Minister MK Stalin and the federal government over the National Education Policy (NEP) 2020, which recommends a three-language formula in schools, with two of the three being native to India. Stalin has voiced strong objections, claiming that the policy could lead to the imposition of Hindi, a northern Indian language, in non-Hindi-speaking states like Tamil Nadu. The issue has reignited old tensions between southern states and the central government over the privileging of Hindi.

Historical resistance to Hindi

Tamil Nadu has a deep-rooted history of opposing the promotion of Hindi, dating back to the 1960s. Protests broke out in the state when the federal government attempted to make Hindi the sole official language, leading to a compromise that allowed the continued use of English. Language in Tamil Nadu is not merely a means of communication but a powerful symbol of cultural identity. Tamil, one of the oldest living languages in the world, is a source of pride for the state’s people. As a result, any perceived threat to its prominence is met with strong resistance.

Keep ReadingShow less
Former Bristol MP Thangam Debbonaire enters House of Lords as Baroness

Thangam Debbonaire

Former Bristol MP Thangam Debbonaire enters House of Lords as Baroness

FORMER Bristol MP Thangam Debbonaire has taken her seat in the House of Lords after being awarded a life peerage last month.

The 58-year-old, who represented Bristol West for Labour from 2015 until July’s general election, wore the traditional scarlet robes during her introductory ceremony. She will now be known as Baroness Debbonaire of De Beauvoir Town in the London Borough of Hackney.

Keep ReadingShow less