Offshore Company Formation News

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...

The Gibraltar government has claimed the country's tax sovereignty will remain intact, despite the recent European Union ruling, meaning good news for offshore funds in the region.

It comes after the European Court of Justice ruled that offshore business could no longer enjoy selective advantages in...

The Isle of Man has boosted its offshore investing options after winning Royal Assent for a new Manx foundations law.

Offering an alternative to an offshore trust, the new Manx foundation structures will allow individuals to hold assets in a new tax-free holdings scheme on the island.

The Manx...

Conservative MP Karen Bradley has criticised the UK tax system and highlighted why people are considering offshore company formation.

Writing on a blog for Conservativehome, Ms Bradley noted the damaging effect the current tax rates have on UK business and high-earning individuals.

She pointed to the damaging effect that the current 50 pence tax rate for high earners is having on the...

Individuals seeking advice on offshore bonds may want to opt away from high street banks and building societies, after research from Which? found they were giving poor advice.

According to the report, only five out of 37 advisers quizzed in an undercover investigation gave good advice about investments with many recommending inappropriate investment products.

The research found that many...

An increasing number of doctors and dentists could be looking to offshore savings after HM Revenue & Customs (HMRC) stepped up its examination of the group's tax affairs.

According to AccountancyAge, the HMRC is set to begin writing to doctors and dentists this week, warning them to get their tax affairs in order.

A total of 2,500 letters from the HMRC will be sent out, carrying a...

HM Revenue and Customs (HMRC) have been found guilty of breaching European Union rules on fiscal neutrality in the VAT charges it levied on gambling firm Rank Group.

The UK-based bingo hall and casino operator, who unlike many online gambling firms are unable to operate as an offshore business, won the case at the European Court of Justice (ECJ).

According to reports, the ECJ ruled that...

Thirty-five per cent of high net-worth individuals (HNWIs) do not trust the next generation to protect their inheritance, according to a new survey.

The results come as part of a new Barclays Wealth report that is published as more and more HNWIs look to offshore accounts to protect their assets.

This new report, The Transfer of Trust Wealth, found that 40 per cent of HNWIs surveyed had...

Entrepreneurs considering an offshore company formation in Gibraltar will have to look elsewhere after the European Union (EU) rejected plans for a new tax system.

The news came after the EU Court of Justice ruled that the proposed tax system for Gibraltar was "designed in such a way that offshore companies avoid taxations".

According to the court, the new system was also...

The appeal of setting up an offshore business over a UK-based company has been highlighted in the latest Paying Taxes survey by PwC.

Using information on tax costs and payments from a case study flowerpot firm, the report placed the UK in 18th position for its current tax regime.

This position marks a steep decline for the UK and provides further evidence of why a number of companies are...