CRS and Charities continued…

HMRC has posted its international automatic exchange guidance on the government website, following another meeting held with STEP and charity advisors: International Exchange of Information Manual. The charity guidance will be posted within a week, the HMRC working group promises. Attendees at the meeting discussed the mechanics of the due diligence process of charities in more… Read More CRS and Charities continued…

Registers of beneficial ownership – the end game?

On Friday (22 April) HM Treasury announced that a further 19 countries have now joined the UK-led pilot project launched with Germany, France, Italy and Spain for the automatic exchange of information on beneficial ownership. These include the Netherlands; Romania; Sweden; Finland; Slovakia; Latvia; Croatia; Belgium; Ireland; Slovenia; Denmark; Malta; Lithuania; Cyprus; Bulgaria; Portugal; Estonia;… Read More Registers of beneficial ownership – the end game?

Terrorist financing discussed in Vienna

The Financial Action Task Force (FATF) Private Sector Consultative Forum in Vienna earlier this week explored measures to combat terrorist financing, writes STEP’s Sean Smith. The first day focused on the risk of terrorist abuse in Non-Profit Organisations – a sector deemed vulnerable because of the resources they use and their geographical spread. On the… Read More Terrorist financing discussed in Vienna

OECD: ‘Public release of taxpayer information is not consistent with the international standards for tax transparency’

STEP yesterday (14 April) received a letter from Mr Kosie Louw, Chair of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, which was sent to all members of the Global Forum.   The letter contains the following statement: ‘I want to state that the public release of taxpayer information is… Read More OECD: ‘Public release of taxpayer information is not consistent with the international standards for tax transparency’

PCA Investment Team of the Year Award: what to expect in the judging process

Enhance has been involved with STEP’s annual Private Client Awards for six years now, providing the judges with data analysis to give a clear picture of what firms submitting applications for ‘Investment Team of the Year’ have achieved over the last 12 months. Using proprietary fintech software, the analysis reviews investment performance and risk over… Read More PCA Investment Team of the Year Award: what to expect in the judging process