Regions
HMRC revenue from tax on ‘enveloped’ properties soars by 50%
The UK tax office has raised £174m ($255m, €220m) from a tax on British homes owned by companies, latest data from London and Geneva-based law firm Collyer Bristow suggests.
Investec AM expands global equity income strategy to UK
Investec Asset Management has added the Investec Global Quality Equity Income fund to its UK product range.
Close Brothers AM buys Eos
Close Brothers Asset Management has acquired the chartered financial planning firm, Eos Wealth Management, for an undisclosed sum.
Middle East | 6 Jun 16
Saudi Arabia set to approve economic transformation plan
Saudi Arabia’s National Transformation Plan, the major part of the “Vision 2030” reform agenda announced by deputy crown prince Mohammed bin Salman in April, is expected to be approved by the government on Monday, according to media reports.
Tax & Regulation | 6 Jun 16
Offshore film scheme gang found guilty of £100m HMRC fraud
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.