Search Results for: VAT
Mining bitcoin uses more energy than what’s needed to excavate gold, platinum or copper: study
November 8th, 2018
Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold, according to researchers. There are now hundreds of virtual currencies and an unknown ...
Suspects arrested in international action against large-scale VAT fraud
October 15th, 2018
During a joint action day in seven EU Member States, an international organised crime group was tackled, involved in large-scale VAT fraud with a damage of more than EUR 20 million, related to sales of second-hand vehicles. At the ...
The CySEC innovation Hub for FinTech and RegTech developments welcomes applicants
October 15th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to invite prospective applicants to apply for participation in the Hub’s programme. This announcement follows the announcement dated 27 July, 2018, when CySEC announced the establishment of its ...
European Commission released VAT Gap Frequently asked questions
September 27th, 2018
The European Commission has published a Fact Sheet with Frequently asked questions about the VAT Gap, that refers to the overall difference between the expected VAT revenue and the amount actually collected. VAT Gap: Frequently asked questions What is VAT? ...
How would VAT be affected if no deal is made following Brexit negotiations?
September 3rd, 2018
With continued backlash in parliament over the Chequers deal, the UK are falling behind in their negotiations for exiting the European Union on 29 March 2019. While HMRC argues that the likelihood of the UK leaving the EU without ...
Hard Brexit would bring VAT sign-up headache for EU sellers
August 20th, 2018
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, as they would need to register for value-added tax. A ...
Financial regulators consult on creation of a Global Financial Innovation Network
August 8th, 2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’. The ...
AMF reports websites offering crypto derivatives without authorisation
July 10th, 2018
The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) would like to warn the public about a number of unauthorised online investment services in France for derivatives whose underlyings include crypto assets. ...
The Securities and Exchange Commission charges 13 private fund advisers
June 4th, 2018
The Securities and Exchange Commission today announced settlements with 13 registered investment advisers who repeatedly failed to provide required information that the agency uses to monitor risk. According to the SEC’s orders, the advisers failed to file annual reports ...
LegalTech innovators should encourage transparency
May 18th, 2018
Legal disruptors are carrying out research and development for the legal profession, a Chicago professor says. A Chicago professor has challenged legal innovators to #MakeLawBetter by encouraging greater transparency to improve the sector. Dan Katz, associate professor and director ...
