United Kingdom
Brexit prompts nearly £1m financial services review on Jersey
The government of Jersey is to spend £900,000 ($1.1m, €1m) on another strategic review of the island’s financial services industry, to analyse the implications of Brexit and the effect of digital disruption.
Tax & Regulation | 30 Mar 17
HMRC fails to clamp down on tax evasion as avoidance plummets
The UK tax office is still losing £11.4bn (€13.1bn, $14.1bn) of revenue every year to evasion despite introducing a host of measures aimed at tackling tax avoidance, according to research by consulting firm RSM.
Best Practice | 30 Mar 17
Five ways to benefit at the pension last chance saloon
Pension savers in the UK have up until midnight on 5 April to maximise their contributions to offset this year’s tax bill, says Nathan Long, senior analyst at Hargreaves Lansdown. Here he suggests five ways savers can make the most of their unused allowances.
United Kingdom | 29 Mar 17
Brexit poses investment challenge for advisers – Pru survey
As the UK takes its first formal step toward leaving the European Union, UK insurance giant Prudential says its research found that financial advisers view ‘Brexit’ as one of the biggest investment planning challenges they face.
Tax & Regulation | 28 Mar 17
UK delays non-dom tax changes to offshore trusts until 2018
The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles, amid concerns the reforms may force out Britain’s wealthiest foreigners.