UK advisers on the hook as life boat scheme seeks extra £46m
Main area of claims is in relation to pensions, says Financial Services Compensation Scheme
Main area of claims is in relation to pensions, says Financial Services Compensation Scheme
The SEC has issued a penalty of $43.7m in accordance to a separate forfeiture order
Three have been arrested while the other ‘remains at large’
And stop clients from disinvesting before changing provider
The ‘carefully-planned and complex attack on the tax system’ spanned from London to Dubai
Pressure now on UK tax advisers as they have a legal obligation to ensure clients are fully compliant
But it’s not for those wanting to admit errors, mistakes or avoidance schemes where there is no fraud
As it criticises the US for not reciprocating by signing up to the common reporting standard
They still need to work on their ‘to-do’ list as compliance is proving hard
And they were forced to submit refund claims to get their money back
It maintained accounts in names of nominee entities established in the BVI, Liechtenstein and Panama
Issue is ‘more widespread’ than people in the advice sector think