Tax & Regulation
Best Practice | 12 Mar 18
FCA: Regulations ‘only go so far’ in changing culture
Regulation is only “one piece of the puzzle” in addressing financial services culture, according to the UK Financial Conduct Authority (FCA), which has released a paper it hopes will create debate and promote a positive change in the industry.
Best Practice | 12 Mar 18
40% more hit with lifetime allowance tax bills
Increasing numbers of middle income earners in the UK are being hit by the reduced lifetime allowance (LTA), with a 40% increase in people triggering an extra tax charge in tax year 2016/17, according to Old Mutual Wealth.
Hong Kong’s ‘Toy King’ billionaire sues Convoy director
A Hong Kong billionaire has launched a HK$309m (£28.4m, $39.4m, €31.8m) lawsuit against his business partner and former Convoy director Roy Cho Kawi-chee, who has not been seen since November.
Petition to scrap 25% Qrops charge on the slow road to nowhere
A bid to force the UK Government to repeal the 25% charge on qualifying recognised overseas pension schemes (Qrops) is not generating nearly enough signatures to generate a government response.
Tax & Regulation | 9 Mar 18
UK taxman ‘assuming the worst’ in offshore clampdown
HM Revenue & Customs is taking a hard line in its offshore tax probes, private client accountants have warned.