Expat Britons in Europe warned of ‘legal limbo’
Securing rights in EU countries ahead of Brexit in 2019 should be straightforward for Brits, but the reality is anything but, a study has found.
Regions
-
-
Paradise Papers and Brexit to ‘batter’ UK taxman
HM Revenue & Customs must urgently set out a coherent plan and demonstrate it is fit for the future as it struggles to cope with its ever-growing workload and limited resources, the UK’s public accounts committee said.
-
Retirement income expectations hit record high
People retiring in the UK in 2018 expect to live on an average annual income of £19,900 (€22,425, $26,888), the highest figure since the global financial crisis, according to research from Prudential.
-
Assets break £50bn at Jupiter as net flows soar
Assets at Jupiter Asset Management soared past the £50bn mark in 2017, the firm’s latest trading update reveals.
-
Could Mifid II spark a market downturn?
The rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street, but, that said, it remains unlikely that Mifid II will push markets into a downward spiral.
-
HMRC penalty policy needs urgent clarification
UK taxpayers owning up to past mistakes could face a 10% fine, according to changes to HM Revenue & Customs’ penalty factsheets.
-
Convoy warns of dodgy shares
Embattled Convoy Global has warned investors against dealing with shares that it alleges were wrongly allotted to six individuals; including the company’s second largest shareholder, who recently failed to remove several executive directors in a thwarted boardroom takeover.
-
Ex-StanChart Private Bank head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
-
M&G begins Brexit-linked shift of funds to Luxembourg
Fund manager M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around €10.5bn (£9.3bn) to equivalent funds on its Luxembourg platform.
-
Real Madrid’s Modric pays €1m to settle tax fraud
Real Madrid midfielder Luka Modric has reportedly paid €1m (£880,000, $1.2m) to Spanish authorities after appearing in a Madrid court on tax evasion charges.
-
Isle of Man denies financial crime case failings
The Isle of Man has hit back against claims by a news agency that it failed to respond to requests for information from Indian authorities in relation to a bribery and corruption investigation.
-
Disgruntled Convoy Global director resigns
An executive director of Convoy Global has resigned from the embattled company, citing a disagreement with the board of directors and legal action being taken against him and several other directors and employees.