3i Infrastructure warns of costs as it ditches Jersey
OECD crackdown prompts infrastructure fund’s shift to UK
Tax
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HMRC nets £300,000 in ‘bizarre’ IHT ruling
Ruling leaves ‘a complex, nonsensical web of rules which risk layering on extra worry for beneficiaries’
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Government’s NHS boost could hit investment trusts
Investment trusts could be hit if the government reverses UK corporate tax cuts scheduled for 2020 to fund extra spending on the National Health Service (NHS).
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UK taxman outlines tax avoidance enabler hitlist
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
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Sanlam launches BPR product to mitigate inheritance tax
Sanlam UK has launched an inheritance tax service that enables clients to mitigate liabilities and generate long-term growth by investing in smaller companies on the Alternative Investment Market.
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France increases tax breaks for Brexit talent
France has increased its bid to attract business amid the uncertainty of Brexit, using a little known rule allowing employees moving to France to enjoy income tax exemption for a total of eight years.
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Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
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Six things bugging asset management chiefs
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
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Cycling superstar Bradley Wiggins named in charity tax scam
Tour de France champion Sir Bradley Wiggins has been named as an investor in a tax avoidance scheme that used a charity as a front in an attempt to deprive HM Treasury of more than £100m.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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Make America indebted again
On the one-year anniversary of president Donald Trump’s inauguration, his administration is more divided than ever with growing murmurs of a government shutdown. One thing the president seems to have unwavering support on is his tax bill, but with treasury yields rising should investors be more concerned?
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Tax-efficient investing to boom despite heightened risks
Investor interest in tax-efficient EIS funds is expected to rise despite managers being forced into higher-risk investments as a result of recent rule changes.