Bill makes it harder for overseas property owners to hide assets – but they have six months’ grace to do so
from Labour and others, a government amendment will reduce it to six. Labour has called for it to be 28 days. There are also concerns that some owners could claim exemptions, and that there is a parallel need for better UK companies records.It is also toughening up the regime for so-called unexplained wealth orders, which can oblige people suspected of acquiring wealth through criminal or illicit means to explain how they did so.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Priti Patel’s borders bill will deliver nothing but miseryAfter the ‘hostile environment’ and ‘take back control’, immigration measures are being pushed through that will mean high costs and human misery, writes maybulman
Read more »
Government urged to put ‘suitable resources’ into enforcing Economic Crime BillScottish Finance Secretary Kate Forbes made the plea.
Read more »
Government urged to put ‘suitable resources’ into enforcing Economic Crime BillScottish Finance Secretary Kate Forbes made the plea.
Read more »
Ukraine war: Foreign Office minister James Cleverly defends UK's support for refugees as only 'around 50' visas granted so farForeign Office minister James Cleverly also defended the UK's approach to sanctions as MPs prepared to fast-track the Economic Crime Bill through the Commons this afternoon.
Read more »
Ukraine conflict: Petrol at fresh record as oil and gas prices soarInvestors fear a global economic shock, with rising fuel bills causing more pain for households.
Read more »