Tax & Regulation

Best Practice | 4 Jan 18

In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top ten tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.

Best Practice | 4 Jan 18

Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.

Industry | 3 Jan 18

Saudi Arabia and the United Arab Emirates introduced a Value Added Tax (VAT) levy for the first time on 1 January, which is expected to produce an income of $3.3 billion for the UAE government in just one year.

Best Practice | 2 Jan 18

Five years after the US introduced stringent regulations that required foreign financial institutions to report the assets of US-domiciled clients, Swiss IFAs tell International Adviser the move has created greater specialisation across the industry and is still having an impact.

Europe | 2 Jan 18

The European Commission is to push back the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.