Recent Updates

  • survey

    Non-dom reforms: Offshore trustees survey


    We invite off-shore trustees to complete a brief survey to help identify potential issues with proposed changes to offshore trusts.

  • tax evasion

    New draft guidance on Finance (No 2) Act 2017


    New draft guidance has been published to assist those advising non-UK domiciled clients on the important tax changes introduced by the Finance (No 2) Act 2017.

  • Lesley King new

    Variation on a theme


    Lesley King rounds up the latest developments in the world of private client, including an application under the Variation of Trusts Act, and a will in favour of a long-term carer being overturned by disappointed relatives.

  • Globe

    FATCA registrations delay: important update


    HMRC has advised that some individuals are experiencing difficulties in validating FATCA registrations, in advance of the 31 May 2015 deadline for reports. HMRC has advised that you should continue to file your FATCA return as soon as possible, and it will not seek to apply a late FATCA filing ...

  • Globe

    HMRC issues guidance on FATCA reporting requirements


    HMRC has confirmed that UK financial institutions need not file nil returns, and that holding companies and relevant treasury companies are no longer defined as financial institutions

  • HMRC

    HMRC updates FATCA registration guidance


    HMRC has made a minor amendment to its FATCA registration guidance to advise individuals of the time lag between registration and reporting. HMRC advises that a user will have wait approximately 24 hours after registering to file their report

  • Calculator image

    Government announces changes to IHT charges on trusts


    The government’s reponse to the consultation on calculating inheritance tax charges on trusts announces changes to tackle tax avoidance, including through pilot trusts, and simplify the calculation of tax charges by removing the requirement to include ‘non relevant’ property