United Kingdom
UK lifeboat scheme off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
Harlequin adviser banned and fined $60,000
The chief executive of a UK advice firm that distributed high-risk Harlequin products has been banned from holding any significant positions of influence or senior management.
Tax & Technical | 2 Aug 18
Fears UK taxman is planning fishing trips
Legal experts are worried the removal of tribunal oversight on financial data requests from HM Revenue & Customs will launch speculative “fishing expeditions” against taxpayers.
Tax & Technical | 1 Aug 18
Legal action to decide expats’ fundamental rights
The lawyer representing an Italian woman who has lodged a challenge to the handling of her data by tax authorities has spoken out about why he has taken the case.
UK taxman hands £29m back to pensioners
HM Revenue & Customs processed 14,477 tax repayment claims forms in the three months ending 30 June 2018, handing back just under £29m ($38m, €32.5m) to people who had accessed their pensions.