United Kingdom
Tax & Regulation | 28 Feb 17
Estates over £1m face 1% ‘stealth tax’ as probate fees rise
The UK government will replace the current flat fee system for grants of probates with a new tiered levy, which could see estates over £1m ($1.24m, €1.17m) tens of thousands of pounds worse off.
Best Practice | 28 Feb 17
UK redefines financial advice in line with Mifid
The UK will go ahead with plans to change the definition of financial advice so that regulated firms will only be giving advice when they provide a personal recommendation.
North America | 27 Feb 17
Harlequin nears liquidation after court refuses more time
Beleaguered overseas investment scheme Harlequin Property SVG is a step closer to liquidation after the High Court in St Vincent and the Grenadines refused to grant more time for the managers to file their proposal to creditors.
Tax & Regulation | 27 Feb 17
HMRC rejects film industry tax avoidance criticism
HM Revenue & Customs (HMRC) has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.
Best Practice Adviser Awards | 27 Feb 17
Why all int’l advisers must pay attention to the UK regulator
The trouble with retirement planning is that there are many different rules and regulations as successive governments add their stamps to the way we save for and use our pension pots.