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...
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created