According to research, from April households in England face further council tax increases. The County Councils Network said the majority of councils that run social care services would be raising council tax by the full amount allowed – 3.99%. But it said councils faced a funding shortfall of £19bn over the next five years and
It appears that HMRC have their sights set on Inheritance Tax avoidance by wealthy families. News has broken of a new team inside of HMRC that has been specifically tasked with investigating the use of Family Investment Companies (FICs). Financial Investment Companies are a bespoke vehicle which can, and often are, be used as an
The Cayman Islands has been added to the European Union’s tax haven blacklist. According to the EU, the UK overseas territory has failed to implement tax reforms they had committed to by the agreed deadline. The EU Blacklist was set up as part of the EU’s strategy on effective corporate taxation, with a view to
