The Upper Tribunal (UT) has found that amounts paid by Hargreaves Lansdown (HL) (an investment platform service provider) to its customers, which represented rebates received from investment fund managers, were “annual...more
8/30/2019
/ Fund Managers ,
Income Taxes ,
Investment Funds ,
Investment Management ,
Investors ,
Management Fees ,
Rebates ,
Tax Exemptions ,
Tax Liability ,
UK ,
Withholding Tax
• Individuals that are UK tax resident and non-UK domiciled have the ability until 5 April 2019 to cleanse their mixed overseas funds and accounts.
• Affected individuals should act now to review their position and assess...more
3/30/2018
/ Accountants ,
Capital Gains ,
Domicile ,
Filing Deadlines ,
Foreign Bank Accounts ,
Foreign Tax ,
Fund Managers ,
Income Taxes ,
International Finance ,
Notification Requirements ,
Recordkeeping Requirements ,
Remittance Transfer Rule ,
UK
The result of the UK’s referendum of 23 June 2016 was announced today as a victory for ‘Brexit’ - in other words, for the UK to exit the European Union. This decision is expected to have significant ramifications for the...more
6/27/2016
/ Alternative Investment Funds ,
Corporate Taxes ,
EU ,
Income Taxes ,
Member State ,
Multinationals ,
Stamp Taxes ,
Subsidiaries ,
Tax Avoidance ,
UK ,
UK Brexit ,
Value-Added Tax (VAT) ,
Withholding Tax
Executive Summary -
Her Majesty’s Revenue & Customs (HMRC) has now published its response to the U.K. Supreme Court’s recent judgment in Anson v HMRC. The response confirms that HMRC will continue its existing practice...more