A new case has highlighted the urgent need for a full review into the laws of inherited estates, says City law firm Wedlake Bell.
Wedlake Bell says that a recent ruling, in which the cohabiting partner of a deceased man was bypassed for inheritance of an estate worth potentially £750,000 in favour of their three year old son, highlights the need for reform of this area of law. (Wright v Gater, 2011)
For the full story see Wedlake Bell's web news at:
http://www.wedlakebell.com/index.php?option=com_flexicontent&view=items&cid=318%3Alatestnews&id=1940%3Anew-case-highlights-urgent-need-for-review-into-inherited-estates&Itemid=10
Thursday, 19 January 2012
Tuesday, 17 January 2012
Nick Clegg is pushing for a new 'Mansion Tax'
Deputy Prime Minister Nick Clegg has said he will continue to push for a 'mansion tax' on high-value properties but warned that any progress on the tax will depend on "give and take" negotiations, having made clear he is fighting against stiff resistance from Conservative colleagues in the coalition government.
Full story from the Telegraph at http://www.telegraph.co.uk/news/politics/nick-clegg/9017478/Nick-Clegg-pushes-for-Mansion-Tax.html
Full story from the Telegraph at http://www.telegraph.co.uk/news/politics/nick-clegg/9017478/Nick-Clegg-pushes-for-Mansion-Tax.html
Saturday, 7 January 2012
Bishop Fleming announces new roles for Target, Bath team
Top 60 accountancy firm Bishop Fleming is reporting on management changes following their recent acquisition of Target in Bath:
Having acquired the Bath office of Target Accountants, Bishop Fleming, the accountancy firm with the widest spread of offices throughout the South West, has announced new roles for the Bath office team.
Target Accountants’ Andrew Sandiford has been appointed Partner in Charge of Bishop Fleming’s new Bath office.
Simon Morrison has been appointed as Bishop Fleming’s Audit partner in Bath, with Paul Morris confirmed as the firm’s Tax Partner for the Bath office.
Former Target Associate Directors, Debbie Boulton and Duncan Nicholas, have been confirmed as directors of business services, with Rachel Sestini appointed Director of private client tax services, and Angela Brake appointed as Bishop Fleming’s Head of Payroll Services in Bath.
Having acquired the Bath office of Target Accountants, Bishop Fleming is saving 47 jobs and expanding Bishop Fleming’s office presence still further.
Full story at: http://www.bishopfleming.co.uk//Home/In-The-Media/Bishop-Fleming-announces-new-roles-for-Bath%E2%80%99s-Targ.aspx
Having acquired the Bath office of Target Accountants, Bishop Fleming, the accountancy firm with the widest spread of offices throughout the South West, has announced new roles for the Bath office team.
Target Accountants’ Andrew Sandiford has been appointed Partner in Charge of Bishop Fleming’s new Bath office.
Simon Morrison has been appointed as Bishop Fleming’s Audit partner in Bath, with Paul Morris confirmed as the firm’s Tax Partner for the Bath office.
Former Target Associate Directors, Debbie Boulton and Duncan Nicholas, have been confirmed as directors of business services, with Rachel Sestini appointed Director of private client tax services, and Angela Brake appointed as Bishop Fleming’s Head of Payroll Services in Bath.
Having acquired the Bath office of Target Accountants, Bishop Fleming is saving 47 jobs and expanding Bishop Fleming’s office presence still further.
Full story at: http://www.bishopfleming.co.uk//Home/In-The-Media/Bishop-Fleming-announces-new-roles-for-Bath%E2%80%99s-Targ.aspx
Wednesday, 14 December 2011
LG partner Garnham quits firm for social networking
From The Lawyer website:
LG private client partner Caroline Garnham has left the firm to concentrate on the social networking site she dreamed up five years ago.
Garnham has been an equity partner at LG since 2006. Before that she was head of private capital at Simmons & Simmons but left as part of a four-lawyer team when Simmons axed the department (31 July 2006).
Garnham will now devote her time to her role as managing director of Family Bhive, a social networking site for ultra high net-worth individuals, of which LG is a member.
LG private client partner Caroline Garnham has left the firm to concentrate on the social networking site she dreamed up five years ago.
Garnham has been an equity partner at LG since 2006. Before that she was head of private capital at Simmons & Simmons but left as part of a four-lawyer team when Simmons axed the department (31 July 2006).
Garnham will now devote her time to her role as managing director of Family Bhive, a social networking site for ultra high net-worth individuals, of which LG is a member.
On the trail of the offshore tax dodgers
From the BBC News website:
The government's attempts to squeeze more money from offshore tax dodgers is being run from just about the most nondescript set of offices you could possibly imagine.
Based at the back of a tax advice centre in the middle of Birmingham, the Offshore Co-ordination Unit (OCU) is the latest measure of HM Revenue & Customs (HMRC) to tackle offshore tax evasion.
As the name of the OCU suggests, it will try to co-ordinate the Revenue's scrutiny of the extra information it is now receiving on UK taxpayers with money abroad.
That includes data generated by recent tax deals with the Liechtenstein and Swiss governments.
Full story at:
http://www.bbc.co.uk/news/business-16111639
The government's attempts to squeeze more money from offshore tax dodgers is being run from just about the most nondescript set of offices you could possibly imagine.
Based at the back of a tax advice centre in the middle of Birmingham, the Offshore Co-ordination Unit (OCU) is the latest measure of HM Revenue & Customs (HMRC) to tackle offshore tax evasion.
As the name of the OCU suggests, it will try to co-ordinate the Revenue's scrutiny of the extra information it is now receiving on UK taxpayers with money abroad.
That includes data generated by recent tax deals with the Liechtenstein and Swiss governments.
Full story at:
http://www.bbc.co.uk/news/business-16111639
Monday, 12 December 2011
Tax boss to retire in summer 2012
The BBC is reporting that Lin Homer will take over from Dave Hartnett when he retires next Summer. BBC News website says:
"The controversial head of the UK tax authority - Dave Hartnett - will retire in the summer of 2012, HM Revenue and Customs (HMRC) has announced.
From January, the permanent secretary of tax, who turns 61 in February, will work with a new HMRC chief executive - Lin Homer.
Ms Homer is permanent secretary at the Department for Transport."
Full story at: http://www.bbc.co.uk/news/business-16112348
"The controversial head of the UK tax authority - Dave Hartnett - will retire in the summer of 2012, HM Revenue and Customs (HMRC) has announced.
From January, the permanent secretary of tax, who turns 61 in February, will work with a new HMRC chief executive - Lin Homer.
Ms Homer is permanent secretary at the Department for Transport."
Full story at: http://www.bbc.co.uk/news/business-16112348
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