In 2021, the International Consortium of Investigative Journalists released close to 12 million documents, allegedly involving offshore deals and transactions to conceal wealth; the so called, ‘Pandora Papers’.

The latest edition of our Corporate and Private Client eNews is now available to download.

As part of the Economic Crime and Corporate Transparency Bill (the Bill), the Government plans to introduce identity verification for all new and existing registered company directors, persons with significant control (PSC), and those delivering documents to the Registrar. Currently, the identity of individuals filed at Companies House do not require verification, which leaves the system open to abuse. The aim is to improve the accuracy of Companies House data, to support business decisions and law enforcement investigations.

The latest edition of our Charity and Not for Profit eNews is now available to download.

HMRC is issuing ‘nudge letters’ to charities. The ‘One to Many’ approach takes the form of correspondence commonly known as nudge letters. Nudge letters usually state that HMRC holds information on the taxpayer that the letter is addressed to, and are used to encourage taxpayers to review their tax affairs. Nudge letters are a cost-effective […]

Since September 2022, the Economic Crime and Corporate Transparency Bill (the Bill) has been making its way through Parliament. The Bill sets out a range of measures to clamp down on the abuse of UK corporate structures and to address economic crime. The changes set out in the Bill should improve transparency by making financial information more available to the public. Whilst parts of the Bill will deal with the wider aspect of economic crime, it is primarily concerned with the regulation of UK corporate structures.

Welcome to the latest edition of our Private Client Briefing, which summarises a number of issues and opportunities for individuals, families and trustees.

Katharine Arthur, Partner and Head of Private Client, has featured in the FT Adviser, commenting on the continual rise in Capital Gains Tax (CGT) receipts.