Author: STEPeditor

The UK replaces DAC6 with the OECD’s model Mandatory Disclosure Rules (MDR) post-Brexit

The disclosure of cross-border tax planning arrangements under Council Directive (EU) 2018/822 (DAC6) came into force on 1 July 2020 and requires reporting of any persons involved in cross-border arrangements, including loan agreements, payments from a resident of one country to a resident of another, or putting funds in an offshore trust, if one of the… Read More The UK replaces DAC6 with the OECD’s model Mandatory Disclosure Rules (MDR) post-Brexit

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We’ve reached the end of an unprecedented year, but how has STEP fared?

It’s no secret that 2020 has been an unprecedented year; and just about everyone writing a commentary on the last twelve months would probably say the same. But how has STEP fared during this turbulent time? I wrote in June of how lucky we were to be part of an organisation that strove to keep… Read More We’ve reached the end of an unprecedented year, but how has STEP fared?

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FATF holds consultative forum to inform review of beneficial ownership system

On 24 November, the Financial Action Task Force (FATF) held its private sector consultative forum on beneficial ownership of legal persons, which focused on Recommendation 24 Transparency and beneficial ownership of legal persons of the FATF Recommendations. FATF stated that it is undergoing a major review of this area, which may lead to a comprehensive… Read More FATF holds consultative forum to inform review of beneficial ownership system

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Modernising Lasting Powers of Attorneys in England and Wales

The Ministry of Justice (MoJ) and the Office of the Public Guardian (OPG) have jointly initiated a project to modernise the process of making and registering lasting powers of attorney (LPAs), which may include an element of digitisation. They will be collaborating on a series of scoping events, roundtables and surveys to obtain research that… Read More Modernising Lasting Powers of Attorneys in England and Wales

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STEP webinar on Mental Health and the Financial Advice Relationship

On 18 November STEP will hold its third webinar in the Thought Leadership webinar series, following webinars on the remote witnessing of wills and wealth taxes earlier in the autumn. Mental Health and the Financial Advice Relationship will be chaired by Mark Dunkley TEP, Shakespeare Martineau LLP (UK); and the panel will consist of Carol… Read More STEP webinar on Mental Health and the Financial Advice Relationship

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STEP launches Thought Leadership webinar series with a look at remote witnessing of wills, and asks whether it’s here to stay

Last week, STEP held the first of its Thought Leadership webinar series which examined the issue of remote witnessing of wills, and whether it would continue after COVID-19-related social distancing measures are lifted. Emily Deane TEP, Technical Counsel at STEP, was joined on the panel by Peter Glowacki, Partner at BLG; and Anatol Dutta, Professor… Read More STEP launches Thought Leadership webinar series with a look at remote witnessing of wills, and asks whether it’s here to stay

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STEP’s upcoming Thought Leadership Series: expert perspectives on today’s big issues

One of the most exciting things set to happen in STEP this year was to be our fourth Global Congress, which would have brought together leading experts in Dublin to exchange insight and expertise with delegates from all over the world. Sadly, the COVID-19 pandemic has meant the event has had to be postponed, but… Read More STEP’s upcoming Thought Leadership Series: expert perspectives on today’s big issues

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Law Society issues guidance to solicitors advising on tax

The England and Wales Law Society has issued guidance to solicitors who advise on tax, drawing out their obligations within the Solicitors Regulation Authority (SRA) rules and regulations. The new guidance acknowledges the Professional Conduct in Relation to Taxation (PCRT), which has been developed and published by several UK accounting and tax professional bodies, including STEP,… Read More Law Society issues guidance to solicitors advising on tax

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Introducing STEP’s new Private Client Awards charity partner, the World Literacy Foundation

Each year, STEP supports a charitable organisation through its Private Client Awards. Instead of charging an entry fee to the Awards, we ask entrants to make a donation to our chosen charity; attendees can donate at the event itself, and STEP members can also donate online here. Charity partnerships are for three years, and previous… Read More Introducing STEP’s new Private Client Awards charity partner, the World Literacy Foundation

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