More than 2,400 people have come forward to disclose undeclared foreign assets through the Liechtenstein Disclosure Facility, according to HM Revenue & Customs, which says it may now bring in as much as three times the £1bn in revenue it was projected to.
The American tax collection agency, the IRS, has updated and issued new drafts of the W-8BEN and W-8BEN-E forms as it gears up for the implementation of FATCA next year.
There are major gaps in the readiness of the worlds compliance industry to comply, on 1 Jan 2013, with the pending implementation of the US Foreign Account Tax Compliance Act, a new survey conducted by Thomson Reuters reveals.
The Financial Services Authoritys new publication of its final guidance on independent and restricted advice underlines the important point that IFAs must cover all suitable products in the advice process, including offshore bonds.
The 15 June deadline for filing information concerning trusts with French tax-resident settlors, as required by a new law that took effect last year, is expected to be postponed until 31 August, a top French tax lawyer based in Monaco says.
American expats and the organisations that represent them are protesting at what they say is a fresh effort by Washington legislators to fund a domestic programme through measures that disproportionately affect non-US resident Americans.
The Society of Trust and Estate Practitioners (STEP) is unveiling its first ever advanced qualification aimed at advisers who need to understand the intricacies of international tax planning from a UK perspective.
Financial advisers in France report that a state of confusion exists in fiduciary companies and among accountants specialising in trusts, as the date for declaring an interest in trusts 15 June approaches.
The UK’s Financial Services Authority has increased the Annual Funding Requirement of UK regulated firms by 11% from last year’s figure to £559.8m, representing a 3.2% reduction from its earlier proposal of £578.4m in February.
Pension planning considerations for US-linked clients was how a seminar held today in London was billed. But it might as well have been entitled be sure to consult an expert if your US-linked client wants advice on his UK pension.
Singapores financial regulator and Central Bank has issued a consultation paper with proposals for increasing the protection of investors using unlisted margined derivatives.
As Singapore IFAs face the prospect of the regulator raising the bar on the level of qualifications they hold, a survey from Defaqto reveals that just under half of UK advisers, 47%, are aiming to go even higher than the minimum new RDR threshold required by the Financial Services Authority.
