FSL | Wealth Management & Private Banking Industry News

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 […]

MD Ken Gillingham Retires From FSL

After eight years with FSL, we are bidding farewell to our Managing Director, Ken Gillingham, as he begins his retirement. Ken joined FSL in 2014 to lead it through structural change, and has made sure that it emerged a market leader. His expertise meant that FSL achieved a level of operational excellence that is highly […]

Tax Talk: Unit Trusts

News from FSL – July 2022

This is the 12th issue of our quarterly newsletter.

FSL WEALTH MANAGEMENT INDUSTRY & PRIVATE BANKING NEWS