HMRC Trusts and Estates

ICAEW: HMRC have published the April edition of the Trust & Estates Newsletter.

Full story: http://www.ion.icaew.com/TaxFaculty/post/HMRC-Trusts-and-Estates?

Towry buys Baker Tilly's private client arm

CityWire: Towry is to acquire the assets of Baker Tilly's private client business, including the Link2wealth brand.

Full story: http://www.citywire.co.uk/wealth-manager/towry-buys-baker-tillys-private-client-arm/a748501?ref=wealth-manager-latest-news-list

Lawrence Graham promotes five to partnership as Wragges merger looms

Legal Week: Lawrence Graham (LG) has promoted five lawyers to partner ahead of its merger with Wragge & Co. The promotions will come into effect on 1 May - the same day the firm's combination goes live. The new partners are spread across real estate, disputes, private capital and corporate.

Full story: http://www.legalweek.com/legal-week/news/2342074/lawrence-graham-promotes-five-to-partnership-as-wragges-merger-looms

Non-doms are paying more UK tax than ever

STEP: Resident non-domiciles in the UK are paying more income tax than ever, according to research by law firm Pinsent Masons. UK income tax paid by non-doms reached GBP6.8 billion in the 2011-12 tax year. The amount has risen by 19 per cent in the three years since 2008-09, when the remittance basis charge was introduced.

Full story: http://www.step.org/non-doms-are-paying-more-uk-tax-ever

Lewis Hamilton Britain's richest sportsman with £68m fortune ahead of wealthiest footballer Wayne Rooney

Daily Telegraph: Mercedes driver is Britain's richest sportsman with a £68m fortune ahead of Jenson Button and Manchester United striker Wayne Rooney.

Full story: http://www.telegraph.co.uk/sport/motorsport/formulaone/10792783/Lewis-Hamilton-Britains-richest-sportsman-with-68m-fortune-ahead-of-wealthiest-footballer-Wayne-Rooney.html

Income tax paid by non-doms hits record high of £6.8billion

Director of Finance Online: Increase of a fifth on post credit crunch low, Mislabelled tax evaders – importance to economy risks being overlooked.

Full story: http://dofonline.co.uk/index.php/tax/12141-income-tax-payments-non-doms-443543?