Under new rules taking effect in January, HM Revenue & Customs (HMRC) can charge advisers or their firms civil penalties if they are deemed to have enabled offshore tax evasion.
Advisers will now face fines of up to 100% of the amount evaded or £3000, depending which is highest, as well as being publicly named by the taxman. The new sanctions, effective as of 1 January 2017,...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year