Tax & Regulation
UK and Hong Kong regulators agree fintech cooperation
The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.
Retirement | 7 Dec 16
Regulating Rops will ‘level playing field’, say providers
The UK’s plans to change the way overseas pension schemes are taxed and regulated have been welcomed by some providers, who say the changes will level the playing field between Rops and UK pensions and increase consumer protection.
Tax & Regulation | 7 Dec 16
HMRC tightens noose on advisers who enable tax avoidance
HMRC is to go ahead and issue hefty fines to financial advisers found guilty of helping their clients avoid tax, as it sets out clear guidelines on who exactly will be affected by the move.
Tax & Regulation | 7 Dec 16
UK’s plan to review portfolio bond ‘anomaly’ welcomed
HM Revenue & Customs’ plans to review personal portfolio bonds (PPB) and potentially correct cases where British expats are left with ‘inequitable’ tax charges when they return to the UK, have been welcomed by industry.
Best Practice | 6 Dec 16
Key action points for US citizens facing up to Fatca
Compliance with the Foreign Account Tax Compliance Act (Fatca) by those institutions affected by it is now well advanced, but the picture is much less clear for individuals affected by the new rules, says David Andrews, executive director (international private clients) at HFM Columbus.