Industry news and insights Archives

Autumn Budget 2022: What You Need to Know

There were a number of personal tax changes announced in the Autumn Budget today. These could potentially have a significant effect on our clients and the Business Analysis team is on hand to discuss any issues or queries that arise as a result of today’s announcements. Below is a summary of the headline announcements affecting […]

ESG Data Regulation 2022

Environmental, Social and Governance (ESG) is a growing theme across major industries, and the financial sector is not exempt. Global governing bodies are continuously increasing the ESG regulation and responsibilities of asset managers in a bid to promote sustainable investment. ESG ratings standards The UNEP’s Fiduciary Duty in the 21st Century report found that “500 […]

Tax Talk: Cost of Living Crisis Tax Relief

Tax Talk is a regular series written by FSL’s tax expert, Alex Ranahan. Alex has nearly ten years’ experience as a tax adviser and analyst. He is accredited by The Association of Taxation Technicians and was recently elected co-chair of the Tax Committee for The Investing and Saving Alliance. Alex’s Tax Talks are on general topics and […]

Update to the Autumn 2022 Mini-Budget

On 14th October, Kwasi Kwarteng was removed as Chancellor after a resounding negative response to his Autumn Mini-Budget. Following his dismissal, the government and new Chancellor, Jeremy Hunt, announced a reversal of various points from the mini-budget: What changed? Dividend Tax: the dividend income tax rates (currently 8.75%, 33.75% and 39.35%) will no longer be […]

Tax Talk: Finance Act 2023

Autumn Mini-Budget 2022: Key Points for FSL Clients

Below is a summary of the key items announced in the Autumn 2022 Mini-Budget that may be relevant to FSL clients. For more detail, please refer to the GOV.UK website and the Growth Plan 2022 published by the Treasury and HMRC. Corporation tax: next year’s planned increase in corporation tax will be cancelled. The corporate […]

Include outsourcing in your 2023 budget forecasts to ensure accurate offshore investment reporting

Did you know that investigations by HMRC’s offshore unit increased eight-fold between 2016/17 and 2019/20? With many investors now having offshore financial interests, HMRC’s specialist team is ramping up its efforts to clamp down on offshore tax evasion and tax return errors. Data from our recent Freedom of Information request shows that HMRC’s Offshore, Corporate […]

Tax Talk: Tax Planning and Losses

Tax Talk is a regular series written by FSL’s tax expert, Alex Ranahan. Alex has nearly ten years’ experience as a tax adviser and analyst. He is accredited by The Association of Taxation Technicians. Alex’s Tax Talks are on general topics and are not tax or financial advice. If you are unsure of the tax treatment of […]

The Office of Tax Simplification 2021-22 Report: A Closer Look

Last month, the Office of Tax Simplification (OTS) released their Annual Report, summarising their recent reviews into ‘Capital Gains Tax’, ‘Using Third Party Data’ and ‘The Possible Change to Tax Year End’. The report also contained highlights of the Treasury’s first five-yearly review of the OTS, which recommended the OTS conduct their own assessment on […]

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