Pension industry hopeful after rumours of tax allowances review
‘These need an urgent overhaul, particularly at a time of rampant inflation’
Tax & Technical
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Sipp operator enters administration in UK
FSCS is investigating if there are any claims that meet the ‘qualifying conditions for compensation’
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Maltese advice firm and directors charged over $75m fraud
The company and one of the executives were also named in the Paradise Papers leak
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Accidental Americans backtrack on Fatca fundraise
Following backlash on social media questioning the need for yet another lawsuit
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C Hoare & Co sells tax advice business
Acquirer says deal was a ‘natural move’
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FSCS to shut down mini-bond compensation scheme
But urges relatives of deceased bondholders to come forward
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French senate blocks attempt to limit Fatca data sharing with US
‘This will reassure the United States that scaring countries and banks with sanctions is a very good way to win’
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HMRC bags record £14.3bn in capital gains tax
A 42% increase from the 2019-20 financial year
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Scrap emergency tax on drawdown payments, advisers urge
Lifetime and money purchase annual allowances also under fire
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Shakira set for trial in £12m Spanish tax fraud case
Prosecutor has asked for an eight-year prison sentence
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Savers urged to take advantage of ‘generous’ pension tax relief
1970s-like economy should not refrain clients from preparing for their retirement
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France to limit Fatca data sharing with US
Members of parliament overwhelmingly voted in favour of the resolution