Committee draws probate fees legislation to UK parliament’s special attention

UPDATE 07/12/2018 The Joint Committee on Statutory Instruments’ full report (PDF) has now been published and includes the following conclusion: The Committee draws the special attention of both Houses to this draft Order on the grounds that, if it is approved and made, there will be a doubt whether it is intra vires, and that… Read More Committee draws probate fees legislation to UK parliament’s special attention

UK Labour party tables motion against probate fees rise

The UK government’s plan to increase probate fees has been criticised by the opposition in the House of Lords. Labour’s Justice Spokesperson, Lord Beecham, has tabled the following motion of regret in relation to The Non-Contentious Probate (Fees) Order 2018: ‘Lord Beecham to move that this House regrets that the draft Non-Contentious Probate (Fees) Order 2018… Read More UK Labour party tables motion against probate fees rise

House of Lords report criticises HMRC’s treatment of taxpayers

The House of Lords Economic Affairs Committee has found that HMRC is failing to guarantee fairness for taxpayers by failing to differentiate between users of sophisticated tax avoidance schemes and ordinary citizens who break the law through uninformed or naive actions. In its report, The Powers of HMRC: Treating Taxpayers Fairly (PDF), the committee found… Read More House of Lords report criticises HMRC’s treatment of taxpayers

The new gatekeepers of the financial system

Update: STEP News 1 Nov: UK revises anti-organised crime strategy to target professional ‘facilitators’ Original blog: Ben Wallace MP, UK Minister of State for Security at the Home Office, has called for more to be done to make lawyers and accountants who facilitate money laundering recognise their responsibilities. As part of a House of Commons… Read More The new gatekeepers of the financial system

UK agrees company public registers for Overseas Territories

The UK government has accepted an amendment to the Sanctions and Anti-Money Laundering Bill which requires the Overseas Territories to establish public registers showing the beneficial ownership of companies. The amendment, introduced by Labour’s Margaret Hodge and backed by MPs from all the major parties, commits the government to assisting the Overseas Territories in setting up… Read More UK agrees company public registers for Overseas Territories