Offshore Company Formation News

The UK tax system is "uninviting" and the government is not doing enough to make the UK competitive when it comes to taxation, according to a report from the Institute of Directors.

These comments come as part of the IoD's second annual review of the competitiveness of the tax in the UK.

Commenting on the findings of the institute's report, director general Simon Walker hit out at the current tax system as "burdensome" against "enterprise and...

HM revenue & customs current 50p tax rate is hurting the "ordinarily successful" rather than the "super rich", a leading finance expert has warned.

Roger Bootle, the managing director of Capital Economics, hit out at the system that has seen many take up offshore account options rather than pay large tax bills.

Mr Bootle believes that the current rate of tax is...

The government needs to produce an effective solution to the UK's economic woes that moves away from increasing taxes on the wealthy, a Conservative minister has said.

Writing in the Daily Telegraphy, Lord Forsyth of Drumlean, who previously worked as an adviser to George Osborne on tax policy, called for a radical change to current policy.

A study from the Centre for Economics and Business Research (CEBR) highlighted the statistic that 25 per cent of tax generated by the...

UK savers are "nervous" over the prospects for a pension in the UK, according to Nick Cann, chief executive of the Institute of Financial Planning.

The comments come as a growing number of high net worth individuals opt for offshore bonds in favour of pensions given the current restrictions placed on saving in the UK.

A new survey conducted by the IFP, in collaboration with the...

The current high rate 50p tax is sending a generation of wealth creators away from the UK and to offshore funds.

That is according to a report from the Centre for Economics and Business Research (CEBR) entitled "The 50p tax- good intentions, bad outcomes."

The report highlighted the variety of...

Qualifying Recognised Overseas Pension Schemes (QROPS) may offer opportunities to avoid the 50 per cent tax rate, like offshore bonds, but savers should be wary.

That is according to Gavin Pluck, European director of Guardian Wealth Management, who warned that savers were overlooking the regulatory implications of QROPS.

Speaking to The Telegraph newspaper, he warned that expat savers...

MP Matthew Hancock has hit out at gambling firms utilising current tax rules to set themselves up as an offshore company and thus avoid significant costs.

The Conservative MP for West Suffolk hit out at the current laws during a debate in Westminister Hall yesterday (November 22nd).

According to figures quoted by Mr Hancock, gambling firms taking advantage of an...

The majority of individuals with offshore funds have become more risk averse over the last three months, according to a survey of offshore financial advisers.

This new study, which appeared in the Daily Telegraph, found that 55 per cent of advisers felt that clients controlling offshore accounts had moved...

HM Revenue & Customs are set to step up its crack down on individuals and businesses illegally using offshore tax exemption options to hide wealth.

The news come as the HMRC unveil plans for the new Offshore Co-ordination Unit.

This new team of 25 tax investigators will carefully examine bank account data gather from the recent round of amnesties and data discs procured by the UK...

A Conservative MP has pointed hit out at the current 50p top-rate tax in the UK as one of the driving forces behind individuals seeking offshore account solutions.

MP John Redwood issued the warning after Danny Alexander, the chief secretary to the treasury, insisted that the high rate of tax would remain in place in the UK.

It comes despite warnings from experts that the current rate...