High risk avoidance promoters face 1m fines
Promoters of tax avoidance schemes deemed “high-risk” by HM Revenue & Customs (HMRC) have been sent letters warning them they could be named publically, monitored, and fined up to £1m.
Promoters of tax avoidance schemes deemed “high-risk” by HM Revenue & Customs (HMRC) have been sent letters warning them they could be named publically, monitored, and fined up to £1m.
Newsmith will launch a UCITS version of its European long/short fund later this month, to open up the strategy to UK and European investors.
Schroders reported an 18% rise in profit before tax for the three months to 30 September, on the back of continued net inflows that outweighed the negative impact of a stronger sterling.
Skandia International has seen its funds under management (FUM) grow by just 2% this year, as strong UK offshore sales are offset by lower sales in the Far East.
Guernsey has been given a Standard & Poor's credit rating of AA+ after a spell in which the island has not used any ratings agency to assess its borrowing capabilities.
Old Mutual Wealth is urging advisers with non-domiciled clients in the UK to take steps to protect their assets from IHT, in case changes to the domicile rules come into effect.
HMRC’s annual publication of tax gap figures, while arguably “unique”, has been decried as “dangerous” and a “political football” by tax experts.
A group of institutions in the UK, known as the Investor Forum, has published a list of 13 objectives, included in which is an aim to encourage the involvement of more international investors with UK companies.
In an effort to bulk up its offering to high net worth clients, Old Mutual Wealth has agreed to buy discretionary manager Quilter Cheviot for £585m.
The FTSE 100 has plummeted in morning trading, falling as much as 2% at one point before bouncing slightly.
BlackRock has launched an interactive tool to help advisers and consumers plan for the future.
UK prime minister David Cameron has raised the prospect of increasing the nil rate band for inheritance tax in the government’s final Budget before the next general election, which has been welcomed by international life industry tax experts.