News & Views

A decision by Moore Stephens LLP London to merge with BDO will not directly affect Moore Stephens in the Channel Islands

Following the changes to the taxation of non-UK domiciled individuals from 6 April 2017, certain offshore trusts enjoy protected status. If you have a settlor interested offshore trust (i.e. where you or certain family members can benefit), you need to take care to preserve this protected status – or face potentially significant tax costs.

Jersey artist Oliver Killip has featured in an exhibition at London’s Saatchi Gallery – celebrating the launch of a new book; “Cash is King – The Art of Defaced Banknotes”.
 

New legislation in Jersey that will enable the establishment of Limited Liability Companies (LLCs) is set to make the island a more attractive proposition for pan-Atlantic business.
 

Risk assessment is key to successful investments, and operational risk should feature high on the list.  Assessing the operational risk of potential and current investments helps wealth funds to protect their assets and ensure future investment returns.

On 23 July 2018, the Department for Business, Energy and Industrial Strategy (BEIS) published in draft the ‘Registration of Overseas Entities Bill’, setting out provisions to establish a new beneficial ownership register of overseas entities that own UK property. 

In the last couple of years, there have been a significant number of changes to the tax rules in the UK, which have resulted in a widening of the scope of UK inheritance tax - read more.

The Jersey Financial Services Commission (JFSC) has launched a ground-breaking online application tool for Jersey Private Funds (JPF).
 

Finding people with the right skills is the top priority for technology businesses, with 46% of tech respondents to the Moore Stephens annual survey of owner-managed businesses reporting it as their number one concern.

A new Double Taxation Agreement (DTA) signed between Jersey and the UK has been welcomed by Jersey Finance as a further demonstration of the island’s commitment to international standards.

Following the end of the tax year on 5 April, many long-term non-doms (broadly speaking, those who have been UK-resident for 15 years) will be completing a tax return on a worldwide basis for the first time.
 
 

A growing number of SME company directors are now stuck running their businesses into their 70s instead of retiring, as they haven’t planned their exit early enough. 

Our latest research reveals that one in eight (12.3%) directors of small and medium-sized businesses are aged 70 or over – some 73,430 people in 2017/18*. This is up from 72,400 SME directors over 70 the previous year. 

 

Shardé Williams, in-house legal counsel at Moore Stephens Jersey, has been named as one of the 2018 ePrivateclient Channel Islands Top 35 Under 35.

At the recent Jersey Finance Private Wealth Conference in London, several high profile experts joined a panel to discuss the ups and downs of alternative asset investing, and to make the case for their own specialist area as the best asset class for investors to back in the current market.


 

A competent, effective and engaged board of directors is an essential part of any successful business. Boards set agendas, provide direction and ensure good governance is followed.

Moore Stephens is delighted to be attending the Jersey Finance Limited Annual Private Wealth Conference in London on 25 April 2018.

Moore Stephens is delighted to be attending the Jersey Finance Limited Annual Fund Conference in London on 24 April 2018.

The Jersey Financial Services Commission (JFSC) has reported a sustained strong uptake in the Jersey Private Fund (JPF), with 100 structures being formed less than one year since its launch.

Research carried out by accountancy firm Moore Stephens has found that half of owner-managed businesses (OMBs) in the Channel Islands consider a shortage of skilled staff as a key concern, compared to 41% of businesses in the United Kingdom.

Moore Stephens has appointed Guarin Clayton as Client Services Director within the Trust & Corporate Services Department.