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New Disclosure Opportunity - Last chance to avoid being ?vigorously? pursued by UK taxman

The UK tax authority has announced that a New Disclosure Opportunity (NDO) will be launched in the autumn, to enable taxpayers to come clean and disclose any previously undeclared offshore income.

Protecting Your Money From Fraud

On 29th June, Bernard Madoff was sentenced to 150 years in jail for his ?unprecedented? $65 billion fraud. In effect he stole billions of dollars from 13,500 investors around the world, duping th

Isle of Man To Automatically Exchange Bank Account Information

The Isle of Man, a popular offshore banking jurisdiction for expatriates, is to start automatically exchanging information on bank accounts with the tax authorities in the owners? country of resid

UK Taxman To Keep Closer Eye on Non-Residents

More wealthy people are expected to leave the UK to reside abroad and escape the new 50% tax rate for higher earners. Now the UK tax authority has warned that it will dig deeper to determine non-

Taxing Times Ahead: ?Tax increases for those that can afford them? (Alistair Darling)

In the mid-80s global tax competition intensified leading to a trend for cutting top marginal income tax rates. Today, largely thanks to the economic downturn, tax rates for higher earners are

Have We Beaten the Banking Blues?

In the US, confidence that the credit crisis is easing increased after the Treasury announced on 9thJune that 10 banks were in a position to pay back bail-out support received under the $700 bi

Offshore Bank Accounts and Tax Planning ? A Changed Landscape - Part 2

In Part 1 I covered the latest Organisation of Economic Co-operation and Development?s (OECD) commitment to heap further pressure on tax havens and help revenue bodies unlock substantial sums o

Offshore Bank Accounts and Tax Planning ? A Changed Landscape - Part 1

The simple fact is that banking secrecy is dead. Offshore banks are succumbing to international pressure and it is becoming standard practice for them to report susp

Investment Planning ? Back to Basics

Spring is in the air. After the flow of discouraging economic and market news through the winter, the outlook now appears to be sunnier. There is increasing optimism

Choosing A Financial Adviser

Many people take financial advice to protect their assets from tax and inflation, so that they can hopefully enjoy a long and comfortable retirement. What many Britis

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