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Mark Savage, Tax Director at BDO in Guernsey, has analysed today’s UK Budget announcement from Rishi Sunak, Chancellor of the Exchequer.
The Revision of Laws project was kicked off when the GFSC published a Discussion Paper back in November 2014. The aim of the project was to introduce some standardisation within the various laws and bring them in line with international standards. There have been numerous iterations...
One of the most significant changes on the regulatory horizon is the proposed introduction by the GFSC of the ancillary vehicle notification regime. For many licensees involved in the administration of fund structures this will be a very welcome development which will address an unfortunate...
Report: The art of the unknown
Twelve months have now passed since the Guernsey Financial Services Commission (“GFSC”) introduced Appendices H and I to its Handbook on Countering Financial Crime and Terrorist Financing (“the Handbook”), aimed at providing further information to businesses on those countries considered to pose...
William Callewaert from BDO Limited shares his experience of how to deal with so called ‘Zombie funds’.