Tax & Regulation
South African regulator bans adviser exam cheats
South Africa’s Financial Services Board (FSB) has taken action against a large number of individuals who cheated or facilitated cheating on exams to become qualified financial planners.
Best Practice | 28 Jul 17
Bigger IHT haul signals a more aggressive HMRC
The IHT take has risen dramatically in the UK over the last two years leading insurer NFU Mutual to warn that HM Revenue & Customs may be getting more aggressive with estates, despite the introduction of a new nil rate residence band.
Best Practice | 28 Jul 17
Revised UK managers regime to expose ‘reckless’ IFA firms
The Financial Conduct Authority’s extension of its Senior Managers Regime to almost all regulated companies in the UK will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group said.
Barcelona striker Neymar cleared in $20m tax evasion case
Brazilian football star Neymar has been cleared of any criminal charges in a long-running tax evasion case in Brazil, with the judge citing a “lack of just cause”.
Middle East | 27 Jul 17
No more extensions to Saudi expat amnesty
Undocumented expats in Saudi Arabia hoping for another amnesty to allow them to leave the Kingdom without prosecution are set for disappointment after it was confirmed that there will be no further extensions.