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Autumn Budget 2018

  The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an end – but discipline will remain’. He also promised a ‘double deal dividend’ if…

Wilton Acquire Pension Book of Greyfriars Asset Management LLP

  London, United Kingdom – Wilton, the Mayfair adviser, is pleased to announce that their pensions services arm, Hartley, has recently acquired the pension book of Leicester-based Greyfriars Asset Management LLP for an undisclosed sum. The agreement will add almost…

Luxury housing, mansion, London, Victorian

Unexplained Wealth Orders – Criminal Finances Act 2017

The Criminal Finances Act 2017 introduced Unexplained Wealth Orders (UWOs): they came into effect from 31 January 2018.   The National Crime Agency issued orders against two properties, one in London and one in the South East of England ,…

Wilton Client Reach Financial Milestone With IPO Offering

  Wilton are an independent professional services firm headquartered in the heart of London’s Mayfair. We pride ourselves on creating long-standing relationships with our clients. One such client of ours, Farfetch, a giant among the online fashion retail industry, have today…

September 2018 Tax News

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. Click here for the full story…

Spring Statement Summary 2018

The Chancellor Philip Hammond presented his first Spring Statement on Tuesday 13 March 2018. In his speech he provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various…

Wilton Budget Summary Autumn 2017

The Chancellor of the Exchequer, Philip Hammond, made his first Budget of the new parliament to the House of Commons on Wednesday 22 November. Alongside announcements on the NHS, housing and Brexit we will see changes to EIS investments, a…

General Data Protection Regulation 2016

What is the GDPR? On 25 May 2018, the European Parliament, the Council of the European Union and the European Commission will implement the General Data Protection Regulation 2016 (“GDPR”) across all countries in the EU (the UK Government has…

The Criminal Finances Act 2017

The Criminal Finances Act 2017 (the “Act”) is expected to come into force autumn 2017. The Act will cover two new corporate offences designed to ensure that companies and partnerships undertake necessary procedures to prevent employees facilitating tax evasion. Tax…

Irish Budget Overview

The details were set out by Ireland’s Minister for Finance on Tuesday 10th October 2017 The total budget adjustment for 2017 is €1.3 billion, weighted at about 3:1 between spending increases and taxation cuts. Corporation tax rate will remain at…

Isle Of Man – Beneficial Ownership ACT 2017

The Isle of Man Beneficial Ownership Act 2017 (the “Act”) and the central database of beneficial ownership are now live. The Act has been introduced in response to the global initiative to improve transparency as to asset ownership and control,…

Ireland – Register of Beneficial Owners

As a result of the 4th EU Anti-Money Laundering Directive (AMLD4), all EU Member States are required to put into national law provisions in respect of beneficial ownership information for corporate and legal entities. As a result of AMLD4, on…

The Finance Bill 2017

The Finance Bill 2017 was severely curtailed due to the general election and many of the provisions were subsequently included in another Finance Bill which is to have effect retrospectively from 6 April 2017. However, some provisions were not included,…

VAT To Be Implemented In The UAE

The Director-general of the Federal Tax Authority announces that Saudi Arabia AND the UAE will introduce VAT in January, with the other GCC countries following in due course afterwards. However, Companies in the United Arab Emirates (UAE) will be able…

Hartley Pensions Update

No Transfer Out Fee In November 2016 the FCA released Policy Statement PS16/24: Capping early exit pension charges. Following the freedom of accessing funds… Read Article     State pension age brought forward On the 19th July 2017, following an…

Beneficial Ownership Register for Trusts

On 26 June 2017, the UK Government introduced a beneficial ownership register for trusts for the first time, in response to its need to comply with the EU’s 4th Anti-Money Laundering Directive. Which trusts will be affected and what will…

Google French Tax Court’s Decision

Why did Paris tax judge cancel Google’s 1.2 Billion Euro tax and penalties? Paris Court Decision of July 12, 2017 On July 12, 2017 Paris Administrative Court (“the Court”) ruled in five decisions of the same day, that Google Ireland…

Article 50 Terms of Reference

The United Kingdom and the European Commission, representing the EU, share the understanding that the following elements will guide the negotiations under Article 50 of the Treaty of the European Union (TEU):   Negotiation Structure 1. The negotiating rounds will…

Property News Update

Recent research into the London property market has suggested that almost 20,000 homes in the capital lay unoccupied for more than 6 months during 2016. Somewhat surprisingly, the borough containing the most unoccupied houses was the affluent borough of Kensington…

Finance Bill changes: Impact on Non-Doms

Following the announcement of a snap election on 8 May, the Government yesterday decided to drop much of the Finance Bill in order that it can be passed in the short time before Parliament is dissolved. Among the provisions that…

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