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Overseas Fund Regime: Final Rules and Timelines

In a paper released last week (July 17), the UK Financial Conduct Authority (FCA) announced the final rules for its new Overseas Funds Regime (OFR).   The regime aims to create a more streamlined process for funds in the European Economic Area (EEA) to be sold to UK retail investors. It will be available to […]

A History of Capital Gains Tax

Beginnings of the tax  Capital gains tax was first introduced by Labour Chancellor James Callaghan in 1965. It aimed to prevent taxpayers avoiding income tax by trying to ‘convert’ their income into capital.   Under Callaghan’s regime, short-term gains made on assets held for less than 12 months were subject to income tax. All other […]

Resignation of Nuno Godinho, Industrial Thought Group CEO

Industrial Thought Ltd, a group of companies specialised in investment taxation, financial data, and related consultancy services, announces the resignation of its Group CEO, Nuno Godinho, who has taken the decision to step back for personal and family reasons.

Growth in offshore investment has led to increased HMRC scrutiny

According to HMRC, offshore reporting funds have grown by over 20% in the past two years. This increase from 76,777 funds in April 2020 to 93,167 in April 2022 can be partly attributed to tax incentives. Funds that report to HMRC are subject to the lower capital gains tax rates of 10% or 20%, contrasted […]

Tax Simplification: Financial Solutions for Wealth Management Services

When wealth management companies simplify tax reporting with the right financial solutions, there are many benefits for their business. One of the most significant is providing a better service for their clients. Customer demands are increasing, and changing legislation makes it hard to keep on top of liability calculation and tracking. Gathering, analysing, and reconciling […]

Software as a Service Support Benefits for the CGiX Capital Gains Platform

Software as a Service (SaaS): Overview Use of Software as a Service (SaaS) is growing significantly due to its numerous benefits. The World Economic Forum (WEF) stated in a report that SaaS has seen increased usage in the banking and financial services sector. This is due to its cost-effectiveness, hyper-efficiency, scalability, and inclusivity.  Automation and […]

News from FSL – January 2023

This is the 14th issue of our quarterly newsletter.

News from FSL – October 2022

This is the 13th issue of our quarterly newsletter.

News from FSL – July 2022

This is the 12th issue of our quarterly newsletter.

Financial Software Ltd.
5th Floor
11 Ironmonger Lane
London EC2V 8EY

+44 (0)20 7011 9940
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