The Last Chance Saloon for Disclosure
Graeme Privett, personal tax senior manager at tax adviser Frank Hirth, looks at some of the issues UK tax residents with offshore assets may wish to consider in relation to HMRC’s latest tax-raising
News
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HMRC: Liechtenstein tax amnesty not open to abuse
UK taxpayers with undeclared offshore assets who are planning to come forward under the New Disclosure Opportunity tax amnesty will not be able to halve their liability period by moving their wealth
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Most euro offshore accounts paying less than ECB rate
Most offshore euro-denominated savings accounts are paying less than 1% interest – below that of the European Central Bank (ECB) – according to research from Investec Channel Islands.
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TIEAs mount as G20 meeting approaches
Monaco and San Marino, two low-tax European microstates, have agreed a tax information exchange agreement (TIEA), as the number of such treaties by offshore jurisdictions mounts ahead of a scheduled m
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FPI adds volatility funds
Friends Provident International (FPI) has launched a trio of funds designed for volatile stock market conditions.
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Australia tweaks taxes for overseas investors in bid to boost fund inflows
Australia has made a number of changes to the way foreigners who invest in its mutual funds are taxed in a bid to make the sector more attractive to international investors and has mooted several more
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HMRC wins case for access to 308 banks offshore accounts
More than 300 financial institutions have been ordered to hand over details of customers with offshore accounts after HM Revenue & Customs won so-called production orders against them.
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de Vere & Partners buys Programmes for Wealth International
De Vere and Partners, the international IFA firm, has bought web-based investment broker Programmes for Wealth International (PWi), its latest acquisition following the purchase of what was Financial
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Britannia launches new issue of its Guaranteed Capital Bond
Britannia International has launched a new issue of its Guaranteed Capital Bond, which will pay a fixed return of up to 5% a year over six years provided the FTSE does not fall below 75% of its starti
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Landsbanki depositors to receive further 25%
Landsbanki Guernsey depositors have been told they will receive a further 25% of their money back by early next year at the latest.
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BNY Mellon snaps up Insight for £235m
Insight Investment has been sold to BNY Mellon in a £235m deal by parent company Lloyds Banking Group.
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International life sector braces for consolidation after Friends Prov takeover
Friends Provident International (FPI) has suggested a fresh round of consolidation in the offshore life industry may begin in the next 18 months as new owner Resolution seeks out more takeover targets