The burden of telling taxpayers to declare all overseas income should not fall on financial advisers but on HM Revenue & Customs (HMRC), advisers have said.
IFS Wealth and Pensions director Ricky Chan said his firm had felt obliged to send notification letters to every client on its books to avoid a fine from the taxman, in a process that had taken about 30...
Our weekly heads-up for advisers
Technology can be a barrier
Uphold rate remains around 50%
Three amendments planned
Our regular video series continues