eprivateclient

The week on eprivateclient: Druces, Equiom, Vistra and more...

News Team, 18/10/2019

A look at the top stories on eprivateclient this week…

Monday

The chairman of international accountancy and consulting network, Moore Global, formerly known as Moore Stephens International, is stepping down. After 15 years at the helm, Richard Moore will retire from his role at the end of the year. However, he will remain an active member of the network through Moore Family Office Limited, specialising in advising international private client families

New research from UK accountancy firm Saffery Champness has revealed that HMRC’s COP8 and COP9 investigations yielded a total of £610,292,968 for the Treasury in the financial years 2016/17 – 2018/19

Tuesday

HMRC investigations into underpaid Inheritance Tax raised an extra £271 million in 2018/19, a nine percent increase from £249 million in 2017/18, research by private client law firm Wilsons has revealed

Labour’s tax policies represent the most dramatic changes away from the current tax regime in a generation, accounting and tax advisory firm Blick Rothenberg has warned

Wednesday

Global trust, corporate services and fund administration provider, Vistra, has announced two executive leadership appointments – William Douglas as chief commercial officer, and Derek Kemp as regional managing director of the UK, Ireland, Channel Islands, and the Middle East

The Queen’s Speech – delivered in the UK Houses of Parliament this week - has brought ‘no fault’ divorce back onto the agenda. The reform would mean divorcing couples would no longer have to blame each other for the breakdown of their marriage

Thursday

The Supreme Court in London has ruled that a gift by will to a charitable trust subject to the law of Jersey is exempt from inheritance tax

British workers could boost their salaries by over £32,000 by relocating overseas, new research by online UK property buyer Good Move has revealed. All of the UK’s 14 most common occupations, from teachers to plumbers, are better paid in other parts of the world, with some workers even able to boost their salaries by over £100,000 by moving to a different country

Friday

RBC veteran Julian Washington has returned to his legal roots after almost 10 years at the Canadian banking giant. He has moved to City-based law firm Druces to head up its business development

Global fiduciary services provider Equiom has been selected by the Dubai International Financial Centre (DIFC) as master trustee on the "much anticipated" DIFC Employee Workplace Savings (DEWS) Scheme, due to launch next year

Finally, nominations remain open to help choose the 2020 eprivateclient 50 Most Influential. To make a nomination click here

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