Guernsey dropped from EU tax blacklist
Guernsey has been removed from a blacklist issued by the European Commission which named and shamed 30 allegedly uncooperative tax jurisdictions.
Tax & Regulation
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IHT savings to hit new record through SME relief
UK taxpayers are set to save a record £565m in inheritance tax this year by taking advantage of a Government scheme which offers relief to investors in small businesses.
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Record numbers achieve international tax qualification
A record number of students have completed an international and cross-border tax qualification governed by the Chartered Institute of Taxation.
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UK’s new IHT allowance seen as tricky to achieve
New inheritance tax thresholds on family homes introduced in the UK Government’s Summer Budget are more complex than many people realise, according to a specialist in estate planning and tax advice.
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Canary Islands Gov’t reduces succession and gift tax by 99%
The Canary Islands has announced that tax on successions and gifts to children and spouses will be reduced by 99%, a measure which is likely to save taxpayers on the island around €30m next year.
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Bordeaux Services fined and banned over Arch Cru collapse
The directors of offshore fund administrator, Bordeaux Services, have been fined and banned for five years for their involvement in the collapse of the Arch Cru funds.
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Taxing the UK’s wealthy: A timeline of a changing landscape
Law firm Edwin Coe maps out the upcoming changes to the taxation of high net worth individuals in the UK, as announced in the last two Budgets.
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APFA says UK Gov’t needs to fix ‘unfair rules’ facing advisers
The UK Government needs to address “unfair rules” which mean advisers face uncapped liability until death, the Association of Professional Financial Advisers (APFA) said in its response to the launch of a Financial Advice Market Review.
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UK Gov’t launches review of financial advice industry
The British Government has announced a major review of the regulatory and legal framework governing the whole financial advice industry.
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HMRC triumphs in anti-accelerated payment notice legal battle
A challenge to the legality of HM Revenue & Customs’ accelerated payment notices has been rejected by the High Court.
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ESMA recommends six non-EU nations for AIFMD passport
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
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FCA issues guidance for firms to prevent product mis-selling
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.