United Kingdom
UK equity income – the most unloved asset class?
According to Morningstar fund flow data the UK equity income sector was the most unloved sector in October, haemorrhaging more money than other out of vogue sectors like property, UK gilts and absolute return. So, why has the asset class become so passé?
Tax & Technical | 29 Nov 17
London rich ask to pay more tax
One of the UK capital’s super-wealthy hotspots is canvassing residents to see if they would be willing to pay double tax after one group came forward asking to pay more.
Four asset management firms under FCA investigation
The Financial Conduct Authority has accused four asset management firms of breaching competition laws after allegedly sharing details of their bids in two initial public offerings (IPOs).
Judge not swayed by HMRC tax blunder
A taxpayer who relied on incorrect information published in an HM Revenue & Customs manual to claim tax relief has had his request for a judicial review dismissed, despite the judge agreeing the information provided was wrong.
Best Practice | 28 Nov 17
Honest taxpayers in HMRC’s sights
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.