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IoM taxpayers to pay up for collapsed Eco Resources Fund

IoM taxpayers to pay up for collapsed Eco Resources...

Isle of Man taxpayers will have to foot the bill for another collapsed fund, the Eco Resources Fund, which was set up by the troubled Premier Group in 2012.

Published : 27, Apr 2017
Uncertainty reigns as non-dom changes dropped at ‘11th hour’

Uncertainty reigns as non-dom changes dropped...Lock icon

UK taxpayers will now face a period of uncertainty after new non-domicile rules and inheritance tax changes to UK residential properties were dropped from the Finance Bill at the last minute, according to industry experts.

Published : 27, Apr 2017
UAE to push ahead with major life industry overhaul

UAE to push ahead with major life industry overhaul...Lock icon

The main regulator of life companies in the UAE has confirmed it will go ahead with a ban on indemnity commissions, limits to fees and charges on industry products and tighter rules on financial advisers.

Published : 27, Apr 2017
Chelsea is latest football club embroiled in HMRC tax probe

Chelsea is latest football club embroiled in HMRC...

Chelsea is the latest Premier League football club to become involved in a £5m (€5.8m, $6.4m) HMRC investigation into tax fraud after Newcastle and West Ham were raided earlier this week.

Published : 27, Apr 2017
FCA upholds over two-thirds of UK pension complaints

FCA upholds over two-thirds of UK pension complaints...

Over two-thirds of all complaints made against pension providers were upheld in the second half of 2016, according to the latest data released by the Financial Conduct Authority (FCA).

Published : 26, Apr 2017
Newcastle and West Ham raided in HMRC tax fraud probe

Newcastle and West Ham raided in HMRC tax fraud...Lock icon

HM Revenue & Customs has raided football clubs Newcastle and West Ham and locations in France following investigations into tax fraud.

Published : 26, Apr 2017
UK election puts £1,500 pension advice allowance on hold

UK election puts £1,500 pension advice allowance...Lock icon

The UK has pushed back the introduction of the pension advice allowance as the government announces further delays to key tax changes ahead of the snap election on 8 June.

Published : 26, Apr 2017
UK delays non-dom and IHT reforms in shock election move

UK delays non-dom and IHT reforms in shock election...Lock icon

The UK government has delayed the introduction of long-awaited changes to the rules governing non-UK domiciles, which were set to go live earlier this month.

Published : 25, Apr 2017
Five UK tax changes postponed by the snap election

Five UK tax changes postponed by the snap election...Lock icon

UK chancellor Philip Hammond has put on hold some significant changes relating to IHT, deemed domicile rules, and life insurance policies due to the snap election in June, that will impact the international advice market.

Published : 25, Apr 2017
Argentina 'spying' on footballer Messi over Panama Paper links

Argentina 'spying' on footballer Messi over Panama...

Barcelona football legend Lionel Messi is being followed by an Argentinian government spy, according to a sensational report in the country’s local media.

Published : 25, Apr 2017
UK ombudsman blasts Sipp transfer into Ukrainian property fund

UK ombudsman blasts Sipp transfer into Ukrainian...Lock icon

A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.

Published : 25, Apr 2017
Five UK Budget proposals at risk from the snap election

Five UK Budget proposals at risk from the snap...Lock icon

British prime minister Theresa May has called a snap election on 8 June, a decision which may have a knock-on effect on some of the new measures announced in the Spring Budget last month. Here’s a list of proposals which could either be rushed through or delayed as the UK prepares to go to the polls.

Published : 24, Apr 2017
UAE joins global fight against offshore tax evasion

UAE joins global fight against offshore tax evasion...

The United Arab Emirates formally signed up to what the OECD calls 'the most powerful multilateral treaty against offshore tax evasion and avoidance', on Friday.

Published : 24, Apr 2017
American states ‘thriving’ in Panama Papers fallout

American states ‘thriving’ in Panama Papers fallout...

US states including Delaware and Nevada are bucking a trend that has seen the number of new tax shelters drop by a third globally, according to one of the co-founders of Mossack Fonseca, the law firm at the epicentre of the Panama Papers fallout.

Published : 21, Apr 2017
Qrops cull expected in shock second suspension of UK list

Qrops cull expected in shock second suspension...Lock icon

HM Revenue & Customs is to temporarily suspend its list of qualifying recognised overseas pension schemes (Qrops) for a second time on 2 June, signalling a further cull amid a drastic overhaul of overseas pension transfers.

Published : 21, Apr 2017
Fraudster who ran £8.5m spread betting scam banned for 12 years

Fraudster who ran £8.5m spread betting scam banned...

A British scammer, who ran a failed spread betting scheme, has been banned by a UK court from acting as a company director for 12 years.

Published : 21, Apr 2017
Controversial death tax hike axed ahead of snap election

Controversial death tax hike axed ahead of snap...

Plans to introduce a sharp increase in UK probate fees have been scrapped by the Ministry of Justice as a direct consequence of the surprise snap general election in June.

Published : 21, Apr 2017
HMRC loses Sipp case over pension liberation charges

HMRC loses Sipp case over pension liberation charges...Lock icon

A UK court has ruled that Sipp scheme operator Sippchoice should not pay sanction charges after HM Revenue & Customs (HMRC) accused it of being a pension liberation vehicle.

Published : 20, Apr 2017
French presidential candidate wants a 100% tax on the rich

French presidential candidate wants a 100% tax...

Jean-Luc Melenchon, a far-left candidate backed by the French Communist Party, has said he would introduce a 100% tax on income above €400,000 (£428,800, $425,000).

Published : 20, Apr 2017
Perfect Storm: UAE advisers must adapt to regulatory truth

Perfect Storm: UAE advisers must adapt to regulatory...Lock icon

The scale of regulatory change facing advisers in the Middle East will force major changes on the advisory industry and survival will require the interests of customer, distributor and provider to become more aligned, argues David Thompson of FPI.

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Five UK tax changes postponed by the snap election
Five UK tax changes postponed...Lock icon

UK chancellor Philip Hammond has put on hold some significant...

Qrops cull expected in shock second suspension of UK list
Qrops cull expected in...Lock icon

HM Revenue & Customs is to temporarily suspend its...

UAE to push ahead with major life industry overhaul
UAE to push ahead with...Lock icon

The main regulator of life companies in the UAE has...

American states ‘thriving’ in Panama Papers fallout
American states ‘thriving’...

US states including Delaware and Nevada are bucking...

Qrops ‘fire sale’ averted as reforms survive Finance Bill cull
Qrops ‘fire sale’ averted...Lock icon

Reforms overhauling overseas pension transfers may...

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