Fewer IFAs in the UK for first time
While restricted adviser numbers rise
Tax & Technical
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US grants tax relief to foreigners stuck in the country
They will be given a 60-day exemption due to covid-19
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Covid-19 pushes over 10% of UK retirees to access pension pots
As more than one million people have been furloughed
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FSCS opens to claims as Sipp firm enters administration
It became insolvent based on the potential claims over high-risk investments
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Former Fry Group trio launch UK expat tax advice firm
It has opened now to provide support to NHS workers during covid-19 crisis
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EU Commission and regulator clash over Priips
As lawmakers block reforms due to legal concerns
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Tax avoidance products ‘in decline’ across the UK
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
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Do not exploit pandemic to run golden visa schemes warns EU
Justice commissioner wrote to Maltese, Cypriot and Bulgarian governments
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Nearly half of UK advice firms will need to furlough staff
As 14% claim their business will go bust without access to funding
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UK taxman offers no quarter to offshore asset holders
HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad
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Dubai regulator fines firm $600,000 for illegal activities
It provided physical cash to its clients and breached anti-money laundering rules
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UK tax disputes on hold for at least three months
An out-of-court settlement could be best way for those affected