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• Qualifying Recognised Overseas Pension Schemes and Chargeable Events
  This article explains our UK tax reporting obligations as an offshore insurance company in respect of Qualifying Recognised Overseas Pension Schemes investing into our offshore bonds. It also explains our understanding of the taxation of the offshore investment bond held by a Qualifying Recognised Overseas Pension Scheme where the member has subsequently become UK resident.

• To disclose or not disclose, that is the question?
  The UK Government announced in June 2010 budget that HM Revenue and Customs (HMRC) was to consider bringing UK Inheritance Tax (IHT), as it applies to transfers of property into trust, within the Disclosure of Tax Avoidance Schemes (DOTAS) regime. This article provides the background to DOTAS and explains when an IHT scheme must be disclosed to HMRC.

• Statutory definition of tax residence – a summary
  In 2011, the Government announced its intention to introduce a full statutory definition of tax residence for individuals. The purpose of this is to replace the current uncertain and complicated residence rules with a clear statutory residence test that is simple for the taxpayer to use.

• IMD - Time to review?
  The aim of this document is to provide a brief overview of the EU Commission’s Consultation on IMD2 which was issued on 26 November 2010 and was open until 28 February 2011.