A taxpayer who relied on incorrect information published in an HM Revenue & Customs manual to claim tax relief has had his request for a judicial review dismissed, despite the judge agreeing the information provided was wrong.
A lot of gloom is found in Insight Discovery’s flagship Middle East Investment Panorama (MEIP) for 2017, says its chief executive Nigel Sillitoe. Some 63% of advisers saw their clients’ lack of willingness to invest as a threat. Meanwhile, there were not many optimists. Only 18% of advisers saw their clients’ readiness to invest as…
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.
Quilter Cheviot has launched a strategy investing in the alternative investment market (Aim), targeted at UK-based high net worth investors.
The chief executive of Providence Companies Group has been federally indicted, along with its chief operating officer, for orchestrating a $150m (£112.5m, €125.8m) fraud that saw the firm’s operations in Guernsey and a Jersey-based IFA firm shut down in 2016.
An Italian princess is disputing a Jersey Royal Court judgement that she conspired with her film-star mother to secretly direct $200m of family wealth away from her sister.
Research from Zurich International has found that 75% of expats living in the United Arab Emirates do not have protection against loss of income as a result of illness, incapacity or premature death.
Entrepreneurs are consolidating their businesses at the fastest rate for six years.
Two out of five UK advisers are working longer hours in 2017 due to business growth, increased compliance and regulatory requirements, research from Prudential has found.
An elderly investment adviser from Houston, Texas has been sentenced to 10 years in federal prison after being found guilty of cheating more than $5m (£3.75m, €4.2m) from people he met at church.
Following a damning investigation by a consumer watchdog, the Chartered Institute for Securities and Investment (Cisi) has warned that UK advisers will face legal action if they fraudulently claim to hold a qualification from the organisation.
High-profile chief executive Boris Collardi is switching Swiss banks, quitting Julius Baer for arch rivals Pictet.
