Treasury to ‘struggle’ if non-dom consultation waylaid
The UK Treasury accidentally alerted the public to a long-awaited consultation paper on the tax treatment of non-domiciles, despite the document not yet being in the public domain.
The UK Treasury accidentally alerted the public to a long-awaited consultation paper on the tax treatment of non-domiciles, despite the document not yet being in the public domain.
People do not need to own a property to take advantage of the new UK inheritance tax rules, according to a detailed technical note released by HM Revenue & Customs.
HM Revenue & Customs has “little incentive” to complete tax investigations after last year’s introduction of accelerated payment notices, a London-based law firm has warned.
Specialist tax advice looks set to be the biggest area for adviser business growth as pension freedoms takes effect and retirement planning becomes more complex, according to recent research by Prudential.
The Investment Association has called for a rethink of some of the trading rules to be proposed in the details of the Markets in Financial Instruments Regulation (MiFIR).
Further High Court challenges to accelerated payment notices could have wider implications on UK taxpayers, a tax specialist warns, following the rejection of a judicial review in July.
A petition has been issued by the Cayman Islands’ financial watchdog to wind up one of Belvedere Management Group’s troubled investment vehicles, Brighton SPC, after it found evidence to suggest its offering was “false since inception”.
HM Revenue & Customs (HMRC) has collected £1bn in tax payments from users of tax avoidance schemes as a result of the UK Government’s accelerated payment rules to collect disputed tax upfront.
More than two thirds of financial advisers in the UK see specialist tax advice as the biggest growth area in their businesses over the next two years, according to a survey by Prudential.
Financial advisers could be faced with large costs if they fail to adopt a holistic system for handling complaints before next year’s reform, industry players have warned.
Guernsey has extended its market access to alternative investment fund managers and AIF funds from EU member states that have fully implemented the Alternative Investment Fund Management Directive (AIFMD).
A warning has been issued by the Financial Services Commission in Mauritius against Bank Capital Investment Management.