Following the news late last week that the UK government is scrapping its plans to hike probate fees, Emily Deane TEP looks back on an eventful 15 months for STEP and practitioners. February 2016 In February 2016 the Ministry of Justice (MoJ) issued a consultation paper on reforms to the fee system for grants of… Read More Probate fees: how we got to where we are
HMRC invited STEP to attend a consultation on 30 March regarding the UK’s implementation of the EU Fourth Anti-Money Laundering Directive (4AML), in particular in relation to the requirement to implement a central register of trusts. The consultation was hosted by HMRC’s Policy Specialist, Tony Zagara, and focused on Article 31 – trust beneficial ownership.… Read More HMRC consultation on 4AML implementation
The government’s threat to radically increase probate fees next month (Probate fee rise ‘a new tax on bereaved families’) may be receding, following a meeting of the House of Commons Joint Committee on Statutory Instruments on 29 March. Using some very welcome common sense, the committee raises the issue (para 1.12) that it is a… Read More Probate fees – will common sense prevail?
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