Regulation & Tax

Research from RIFT Tax Refunds has estimated that UK taxpayers will see a 5 percent tax increase compared to pre-pandemic levels

“We are closely monitoring recent economic developments in the UK and are engaged with the authorities,” said in the statement the International Monetary Fund (IMF) issued in the wake of Chancellor Kwarteng’s recent “mini-budget”

The total value of Capital Gains Tax (CGT) paid by people under 35 has more than doubled in a year, from £192 million in 2019/20 to £421 million in 2020/21, according to private equity firm Growthdeck.

During the Chancellor’s “mini budget” on Friday (23/09/22), he claimed “the government is on the side of the British people” as he announced a series of major tax changes.

The “mini budget” is due to take place this morning. Driving growth in the UK’s economy is expected to be at the heart of it for Prime Minister Liz Truss and Chancellor Kwasi Kwarteng.

The FCA has said it has proposed a penalty of £50 million on Link Fund Services (LFS) – a subsidiary of Link Group – in relation to the on-going Woodford scandal.

Curated Capital, a private equity investment platform founded by ex-Woodford Capital Management Partners director Jonathan Adair, has been suspended from carrying out regulated activities.

The billionaire owner of outdoor clothing firm Patagonia has given away his company to a charitable trust.

The cost-of-living crisis could lead to early inheritance giving, according to research from Barclays Wealth.

HSBC Global Private Banking (GPB) has appointed Sharnika Silva as head of trust and fiduciary services for South East Asia.