Tax & Regulation
Tax & Regulation | 1 Feb 18
UK quashes fears of public trust register
The UK Government has confirmed it is opposed to public access to its register of beneficial owners of trusts.
Best Practice | 1 Feb 18
‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
HMRC powers to scrutinise unexplained wealth go live
“Significant” regulation that requires individuals to explain to HM Revenue & Customs and the Serious Fraud Office (SFO) where their wealth came from has come into force.
Has the FCA’s adviser register avoided the chopping block?
Until very recently it had looked inevitable that the Financial Conduct Authority’s IFA register would fall by the wayside, despite support from advisers and industry to keep it. But recent political murmurs suggest it may live to fight another day.
Tax & Regulation | 30 Jan 18
‘Sophisticated’ client wins New Earth compensation bid
A client who lost £75,000 when he invested in a New Earth fund should be fully compensated by his adviser, the UK Ombudsman has ruled.