Offshore Company Formation News

An offshore savings account may be the only way to protect your money against the effect of quantitative easing (QE).

That is according to Invest Southwest independent financial advisor Dave Penny, who warned against the potential threat of QE to any savings held in the UK.

It comes as more individuals look to an...

The Federation of Small Business (FSB) wants a change to government tax rules, following feedback from small business owners.

Entrepreneurs have previously expressed unhappiness at the tax system, with some considering creating an offshore business.

The latest results from the Voice of Small Business index are likely to support this, with confidence down 9.3 per cent.

FSB chairman...

A Scottish entrepreneur may be wishing he had considered offshore investing after receiving a sentence of over three years in prison for financial fraud.

David Stewardson was part of a scam to evade paying tax for his high profile security company that works at festivals across the UK.

Mr Stewardson, who ran security at events like Glastonbury and the T in the Park festival, failed to...

Offshore account holders received welcome news today after a report from the Centre for Policy Studies (CPS) called on the government to remove the top-rate 50 pence tax on high-earners.

The Adrenalin Now report, by the CPS's Ryan Bourne, urged chancellor George Osborne to remove the top-rate 50 pence tax, as well as the current stamp duty seen on share transactions.

According to the...

The government is set to provide £917 million in funding for HM Revenue & Customs' ongoing pursuit of tax havens in Switzerland.

It follows the landmark agreement signed between the UK and Switzerland that saw the HMRC gain access to offshore accounts in the European country.

At the...

Around a third of adults in the UK have considered leaving a digital inheritance to their family as part of a will, according to a new study.

These findings come as part of research by internet cloud company Rackspace, which polled 2,000 UK adults on digital inheritance.

The study showed the growing importance of digital inheritance in internet businesses and online accounts.

Around 25 million people in the UK currently access bank accounts online, while e-business...

HM Revenue and Customs (HMRC) accumulated around £150 million in fines from people handing in their tax returns late this year, a newspaper report has revealed.

The figure comes after the Daily Telegraph obtained information from HMRC revealing that 1.5 million UK residents were fined for handing their tax returns in late in 2011.

Under current rules, the HMRC charges a flat fine of £100 for any returns received three months after the deadline, meaning a total...

Research published today has revealed that 98 companies on the FTSE 100 take advantage of offshore tax havens in a bid to boost profits.

The findings, published by ActionAid, showed the big four high street banks to be the biggest users with 1,649 offshore businesses between them.

Barclays alone had ...

HM Revenue & Customs (HMRC) has unveiled a new campaign designed to target those with second jobs who have yet to declare any tax for work in the UK.

The Tax Catch up Plan (TCP) has been designed to target individuals earning a second income from jobs like private tutoring, coaching or freelance work.

Under the scheme, those who have yet to declare additional income to the HMRC have until January 6th 2012 to come forward with information on any outstanding tax for the years...

Pension holders could suffer the effects of the government's new round of quantitative easing with retirement funds facing a drop-off of 30 per cent in value, in a move that may encourage more people to consider offshore savings.

A study from PwC found that the new round of quantitative easing, which will see money pumped into the economy, could lead to a drop in annuity rates, which are...