The Financial Conduct Authority’s (FCA) investigation into deVere UK, launched after the regulator banned the firm from writing pension transfer reports, is “just the beginning”, according to Geraint Davies, managing director of Montfort International, with other firms also likely to be caught out.
Beleaguered overseas investment scheme Harlequin Property SVG is a step closer to liquidation after the High Court in St Vincent and the Grenadines refused to grant more time for the managers to file their proposal to creditors.
HM Revenue & Customs (HMRC) has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.
The European Commission has given the Spanish government two months to make Modelo 720 penalties fairer following revelations that fines issued for late or inaccurate tax returns can be as high as 150% of the undeclared assets.
Just 15 taxpayers have voluntarily declared offshore assets to Ireland’s tax authority since finance minister Michael Noonan announced plans to take tougher action to tackle offshore tax evasion in his October 2016 Budget.
University of Cambridge academics are compiling a database to enable UK expats living in the EU to receive up-to-the-minute advice throughout the negotiation process once Britain triggers Article 50 later this year.
Some of Malta’s tax rules may be used in structures of aggressive tax planning, a new report by the European Commission has found.
South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 Budget.
More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.
The UK’s lifetime allowance (LTA) for pension savers could be slashed again in the Spring Budget next month, according Markas Gilmartin, founding partner of Bristol-based IFA firm Epoch Wealth Management.
The UK Financial Ombudsman Service (FOS) has determined that advice given to a client by financial advice network The Falcon Group to invest £83,000 ($103,269, €97,263) of his pension fund in a scheme focused on the leisure property industry was not suitable.
The Financial Services Board (FBS) of South Africa has fined Lombard Life for not complying with rules about informing policyholders of their right to appeal after the company rejected their claims.
