News Archive

Why Warm Climates Tend to Create Poor Economies

Why Warm Climates Tend to Create Poor Economies

Wealthy U.S. Millennials and Gen Z Are Investing More in Alternative Assets Like Art

A new report by Bank of America finds that older and younger generations have very different ideas about the value of stocks and bonds versus alternative investment classes like art.

How Morgan Stanley (and Other Banks) Use A.I. to Eliminate the Grunt Work of Banking

A new A.I. assistant named Debrief is expected to save valuable hours for thousands of Morgan Stanley employees.

New Bill to end EU-derived law in UK

The UK government has introduced a new Bill which aims to end the status of retained EU law from the end of 2023, and enable the government to amend, repeal and replace retained EU law via secondary legislation.

HMRC updates TRS manual in advance of 1 September deadline

HMRC has made several important updates to its trust registration service manual including adding new sections on penalties, data requests and discrepancy reporting. ICAEW’s Tax Faculty highlights the key changes.

HMRC updates tax guidance to include electronic payment of tips

HMRC has updated its guidance on tax treatment of tips, gratuities, service charges and troncs to include details on how to handle electronic payments.

UK Delays Overhaul To Tax Non-Compliance Penalties

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year.

Two million people miss tax return deadline

More than two million people missed a self-assessment tax return deadline, but still have a month to file before they are hit with a penalty.

UK Announces Tax Breaks For Businesses In 2022 Budget

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget.

Businesses under Seychelles' Companies Act must register beneficial owners

Businesses registered under Seychelles' Companies Act of 1972 have to register persons classified as beneficial owners through a portal set up on the website of the Financial Intelligence Unit (FIU), a top official said on Wednesday.

Others that will also need to register are Partnerships registered under the Civil Code of Seychelles Act and associations registered under…

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