Sunday 23 April 2017

Private client team expansion at Smith & Williamson

Accountancy Age: Smith & Williamson has expanded its private client tax team with three new appointments.

Full story: https://www.accountancyage.com/2017/04/12/private-client-team-expansion-at-smith-williamson/

High earners hardest hit by tax rises, says IFS

ICAEW: The director of the Institute for Fiscal Studies (IFS) has hit back at claims by shadow chancellor John McDonnell that low and middle income earners are being hit hard by tax increases.

Full story: http://economia.icaew.com/en/news/april-2017/high-earners-hardest-hit-by-tax-rises-says-ifs

Government drops new probate fees branded as "stealth tax"

City AM: A controversial increase in fees on estates after death will not be brought in before the General Election, raising the prospect it could be quietly shelved.

Full story: http://www.cityam.com/263300/government-drops-new-probate-fees-branded-stealth-tax-

Sunday 2 April 2017

Who are the world’s top private client and trusts lawyers?

Legal Week: Legal Week is aiming to identify the world’s leading private client and trusts lawyers with a call for nominations for the relaunched Private Client Global Elite, five years on from the publication of the first supplement.

Full story: http://www.legalweek.com/sites/legalweek/2017/03/14/who-are-the-worlds-top-private-client-and-trusts-lawyers/

New head of Bristol office for Saffery Champness

Accountancy Age: Top 20 firm Saffery Champness has announced the appointment of a new head of the firm’s Bristol office.

Full story: https://www.accountancyage.com/2017/03/24/new-head-of-bristol-office-for-saffery-champness/

PwC hangs on to Oscars contract

ICAEW: The Big Four firm has retained its lucrative contract with the Oscars despite its best picture blunder.

Full story: http://economia.icaew.com/en/news/march-2017/pwc-hangs-on-to-oscars-contract-academy-awards

UK delays non-dom tax changes to offshore trusts until 2018

International Advisor: 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.

Full story: http://www.international-adviser.com/news/1035030/uk-delays-dom-tax-changes-offshore-trusts-2018

Returning expats ‘hardest hit’ by non-dom reforms

International Advisor: Thousands of British expats face significant bills if they return to the UK after new non-dom tax rules come into force next week.

Full story: http://www.international-adviser.com/news/1035094/returning-expats-hardest-hit-dom-reforms

Majority of Brits ignorant of new IHT break

FT Adviser: Seven out of ten people in the UK know nothing about a new rule granting hefty inheritance tax breaks on property, research by Old Mutual Wealth has revealed.

Full story: https://www.ftadviser.com/property/2017/03/31/majority-of-brits-ignorant-of-new-iht-break/

There’s no dodging death – but inheritance tax relief could save £1m

The Guardian: A new inheritance tax (IHT) allowance is being introduced this month, available to people who want to pass on their home to family members.

Full story: https://www.theguardian.com/money/2017/apr/01/inheritance-tax-relief-1m-residence-nil-rate-band

Thrings appoints private client partners

Insider Media: South West law firm Thrings has appointed two partners to its private client team.

Full story: https://www.insidermedia.com/insider/southwest/thrings-appoints-private-client-partners

Credit Suisse fights back against tax probe with series of newspaper adverts in defence of "zero tolerance"

The Telegraph: Credit Suisse has attempted to defend itself in the wake of a series of tax raids by inspectors in five countries late last week by highlighting its "strict zero tolerance" against evasion in a series of  newspaper adverts.

Full story: http://www.telegraph.co.uk/business/2017/04/02/credit-suisse-fights-back-against-tax-probe-series-newspaper/