+44 (0) 20 7434 6000 Info@veragroupltd.com Monday - Friday 09:00 - 18:00

News Room

GUERNSEY – Disclosure of beneficial ownership information of limited partnerships with legal personality – Ordinance proposed

– On 7 February 2019, the Beneficial Ownership of Legal Persons (Guernsey) (Amendment) (No. 2) Ordinance 2017 was laid dawn before the States of Deliberation. The proposed Ordinance aims to amend the Beneficial Ownership of Legal Persons (Guernsey) Law 2017 (see Guernsey-1, News 16 August 2017) by requiring limited partnerships with legal personality registered under...
Read More

UK register of foreign property-owning companies to go live in three years

The British government has confirmed that its planned beneficial ownership register of foreign companies that own or buy UK property will go live in early 2021. Draft legislation is to be published this summer by the Department for Business, Energy & Industrial Strategy (BIS). The ostensive purpose of the register is to ‘crack down on...
Read More

Stop facilitating tax evasion or face criminal prosecution, HMRC tells corporations

Corporations could be prosecuted if they fail to prevent staff from criminally facilitating tax evasion under a new HMRC law that comes into effect this weekend. It is already a crime to evade tax, or deliberately help another person to do so, but on behalf of the majority of taxpayers who pay what is due, the...
Read More

Government to strengthen UK data protection law

People to have more control over their personal data and be better protected in the digital age under new measures announced by Digital Minister Matt Hancock. Public to have greater control over personal data – including right to be forgotten New right to require social media platforms to delete information on children and adults when asked...
Read More

Almost half of UK firms hit by cyber breach or attack in the past year

Nearly seven in ten large companies identified a breach or attack, new Government statistics reveal Firms holding personal data more likely to be attacked Most common attacks were fraudulent emails, followed by viruses and malware Businesses large and small are being urged to protect themselves against cyber crime after new Government statistics found nearly half of...
Read More