Tax & Regulation
Tax & Regulation | 8 Aug 24
No enforcement for Cayman Islands’ new beneficial ownership regime until 2025
The requirement to file beneficial ownership information is suspended ‘until further notification’
Tax & Regulation | 8 Aug 24
HMRC issues new ‘nudge letter’ to crypto owners suspected of failing to pay correct tax
Accountancy firm BDO wants that this letter is targeted at those the tax authority knows have ‘disposed’ of crypto assets
Financial planning | 7 Aug 24
Total pensions overtaxation bill approaches £1.3bn as average UK reclaims soar
UK savers reclaimed £57m in overtaxation on pension withdrawals in April, May and June 2024
Tax reliefs on UK holiday lets removed as transitional arrangements ‘soften blow’
Among the changes, Income from holiday lets will be excluded when calculating maximum pension relief
Regulation | 31 Jul 24
Labour ‘hints’ at freedom from UK inheritance tax for expats
A consultation is most likely to be published on 30 October 2024, the date of the Budget