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DAC 6 update welcomed

It is good to see some positive news this year for UK-based intermediaries. Following the signing of a new free trade deal with the EU by Prime Minster Boris Johnson, the EU directive DAC 6 ceased to apply in the UK from 11pm on the 31 December 2020. In my...

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Global expansion services and the new UK investment office

A major addition to the UK Government’s ability to attract foreign investment was announced by Prime Minister Boris Johnson last month. The newly-formed Office for Investment will boost the UK’s ability to secure high value investment opportunities which align with the Government’s key priorities. These priorities include reaching net zero greenhouse gas emissions, investment in infrastructure and advancing...

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BVI economic substance – last chance to report

With timing running out before the 29 December 2020 deadline for BVI’s economic substance reporting we’ve taken another look at the requirements. The legislative background Deemed ‘no or nominal tax’ offshore jurisdictions have come under the spotlight in recent years after the EU and OECD introduced initiatives aimed at curtailing...

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PraxisIFM features throughout Business Life’s City Edition

Business Life’s recent City edition takes a closer look at how tech and collaboration are helping to bring the City and Channel Islands closer together. With a strong relationship between our Guernsey, Jersey and London offices, PraxisIFM features several times throughout the edition. In ‘A rich blend’ Managing Director of...

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Asset protection in the post-lockdown environment

In this Q&A Keith discusses how choosing the right jurisdiction for your assets is as important as ever. In your last article, we discussed the risks of exchange controls and other risks to capital protection. Some of the examples you cited sounded quite alarming, for example, waking up one morning...

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2020 Annual Results

The PraxisIFM Group has reported a 7% increase in revenue to £60.5m (2019: £56.3m). In its Annual Results for the year ended 30 April 2020, the financial services group acknowledged the challenges of a difficult 12-month period and outlined the actions taken to refocus the business. The key points from...

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Technology provides simplicity for clients

While many of us are returning to some semblance of our usual routines and spending a little more time in the office, working from home is likely to become a new norm as we move into the digital era; one which many have been reluctant to follow. With COVID-19 forcing...

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PraxisIFM Client Director on EPC Top 35 Under 35

Blane Queripel, Client Director at PraxisIFM Trust Ltd, Guernsey, has featured among the UK and Crown Dependencies’ leading young private client practitioners in the annual eprivateclient Top 35 Under 35 list. Designed to identify, recognise and promote the rising stars of the private client adviser community, Blane has been selected...

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Daniel fills new role in Netherlands

The PraxisIFM Group is delighted to announce a new appointment in the Netherlands. Daniel Reynolds has joined as Managing Director of the Netherlands group of offices, moving from Jersey to Amsterdam with his family in early August. This newly created role will have oversight of our offices across the Netherlands,...

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End of service benefit schemes gain in popularity

COVID-19 and the subsequent turbulence in the global economy have brought the benefits of end of service gratuity schemes into sharp focus. There have been some significant fallouts, particularly with small and medium sized businesses, with redundancy rates and even company failure. The implications of this have become more apparent...

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