How the legalisation of pre-nups will help protect offshore trusts
Offshore trusts can enable family wealth to benefit future generations and remain a popular succession-planning vehicle for wealthy families. Wherever…
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Tax
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Tax
HMRC is in the hot seat as anti-avoidance looks set to get tougher
Tax reliefs are an essential part of the tax system. They can be used as a mechanism to redistribute wealth,…
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Britain’s high inheritance tax hinders growth
Chartered accountants UHY Hacker Young have produced a report stating that the UK has the second highest rate of inheritance…
ByBritain's high inheritance tax hinders growth
With the second-highest rate of inheritance tax in the world, Britain should take action Chartered accountants UHY Hacker Young have…
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The Isle of Man tries to clean up its reputation – but is it working?
‘I would say to Vince Cable and David Cameron (and I have met them) we’re part of the solution, not…
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Why we need to worry about HMRC’s breathtaking new powers
The Budget confirmed a contentious proposal to significantly extend HMRC’s powers in both existing and future open enquiries, despite significant…
ByWhy we need to worry about HMRC's breathtaking new powers
No one disputes that taxpayers must all pay their fair share, but equally fair procedure, due process and legal certainty…
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Expert reaction to Budget 2014
Who benefited and who lost out? We provide expert commentary on the Government’s Budget announced today Read more on the…
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Expert expectations for the Budget
COUTTS With a May 2015 election on the horizon there has been media speculation and lobbying from certain politicians for…
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Chris Moyles’ car-based tax-avoidance scheme runs out of road
Another month goes by and another battle is won by HMRC in their war against aggressive tax avoidance. The tribunal…
ByChris Moyles' car-based tax-avoidance scheme runs out of road
The tribunal dealing with complaints against HMRC decisions recently dismissed an appeal by participants of a scheme known as ‘Working…
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As the tax year ends, here are top tips to save yourself money
With a break in the rain over the weekend (in London at least) and the end of Winter Olympics, I…
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Trusts to be laid bare as EU threatens to invade privacy rights
Unexpected news has emerged from Europe in the past week that lawmakers want the contents and beneficiaries of trusts to…
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Tax transparency: is it better to jump than be pushed?
Two years ago identity theft fears had half the country zealously shredding bank statements. The tactical distribution of Coutts-branded hamster…
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Inheritance tax threats and dodges not widely known by HNWs
A report released by Close Brothers Asset Management has found that less than half of those exposed to inheritance tax…
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Will attending the BAFTAs get me into tax trouble?
As the awards season gets into full swing, you have received an invitation to this Sunday’s BAFTAs at London’s Royal…
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Relying on the wealthy for taxes is a dangerous strategy
The UK is increasingly relying on a small group of high net worth individuals as its main source of tax…
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HMRC toughen up tax on non-domicile dual work contracts
In his autumn statement the chancellor, George Osborne, announced plans to curb tax avoidance using ‘dual contracts’. Dual contracts are…
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Swiss banks beg for US amnesty to avoid tax evasion prosecution
More than 100 Swiss banks have applied to the amnesty programme of the US Department of Justice, which gives immunity…
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AS Monaco avoid red card with enormous tax bill
Football club AS Monaco, who play in France’s top echelon (Ligue 1), has agreed to pay the league’s authorities (LFP)…
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