Technology Archives

Chain Mail: Spring Budget Special

FSL’s Chain Mail is a regular blog containing links to news articles that we think are worth sharing. In this edition, we look at what industry experts, politicians and journalists thought of the Chancellor’s 2024 Spring Budget. Non-dom regime scrapped Shadow Chancellor Rachel Reeves told Sky News the abolition of the tax status was […]

Spring Budget 2024: What You Need to Know

In what is likely to be the last fiscal event before a general election, the Chancellor delivered a budget that may be seen as more of a political statement than an economic one. As readers will no doubt know, the Chancellor confirmed a further 2 pence cut to the main employee rate of National […]

Chain Mail: 2024 Industry Predictions

FSL’s Chain Mail is a regular blog containing links to news articles that we think are worth sharing. In this edition, we look at the 2024 predictions for tax, wealth management, banking, investment, technology and ESG. Taxation & Interest Rates 2024 will see the implementation of a new set of tax rules for large multinationals […]

A Recap of Our Breakfast Briefing: Uncover the Risks of ERI

In partnership with the lang cat, we are excited to present our latest white paper, “Excess Reportable Income: Borrowed Time.” At FSL, we’re committed to solving the challenges facing our customers and their clients. And Excess Reportable Income (ERI) is a topic that keeps coming up. We already know there are significant difficulties around obtaining, […]

Autumn Statement 2023

Whilst the headlines have been dominated by the cut to National Insurance, the partial sale of the government’s stake in NatWest, and the increases to Universal Credit and the full state pension, we were looking more closely at the announcements that affect taxes on investments. Here is our first look at the announcements we think […]

FSL commissions the lang cat to uncover the risks of ERI reporting

For all the innovation that goes on in our sector, the exchange of data between parties is often at odds with the standards we’d all expect.

Breaking The ERI Silence: How Offshore Investments Can Increase The Complexity Of Tax Reporting

When navigating tax laws and gathering the right information to ensure compliance, investments in offshore funds may present a challenge for family offices. With offshore investment funds growing in popularity, the first thing to know is that holders are liable to tax on income and gains even when it is not obvious that any income […]

HMRC Update on Excluded Indexed Securities

Following discussions with the investment and wealth management industry, taxpayers and their agents, HMRC have acknowledged in Agent Update 112 the difficulties for individuals to assess and report details of Excluded Indexed Securities on the self assessment tax return. Taxpayers have been advised to “take reasonable care to make arrangements to have this information available […]

Tax Talk: Excluded Indexed Securities & Tax Reporting for 2022-23

It has been – to keep it professional – a bonkers few months. A Budget, a new tax return requirement, changing working practices at FSL, and of course, the tax reporting season for 2022-23. Here’s a little blog post from me (Alex) on how things have been going behind the scenes at FSL. Excluded […]

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