Tax & Regulation
Tax & Regulation | 24 May 18
Avoid Harry and Meghan tax hangover warn accountants
Property owners who rented out their Windsor properties for thousands of pounds over the Royal wedding weekend or those selling their Royal goodie bags on eBay, risk a tax hangover if they hide their windfall, London accountants Blick Rothenberg have warned.
Honeymoon over for robo advice
The UK’s Financial Conduct Authority (FCA) has made it clear it will hold robo advice firms to the same high standards as human advisers, with experts saying the honeymoon is now over for those trying to curb the rules.
Customers of failed Sipp investor paid out
The UK’s Pension lifeboat scheme has made its first compensation payments, totalling £5.7m (€6.4m, $7.6m), to customers of the failed discretionary fund manager Strand Capital.
Sweeping changes announced to UAE visa system
United Arab Emirates (UAE) lawmakers have approved a long-term visa for international investors and talented professionals and are set to introduce a law that will allow foreigners to own companies outright in the Gulf state.
Russian dirty money entering UK through BOTs, report says
Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.