Finance ministers of European Union (EU) Member States have issued their latest assessment of third countries' cooperation on tax matters, with the British Virgin Islands (BVI) and Costa Rica both being removed from the 'Annex 1' list of non-cooperative jurisdictions.

The Solicitors Regulatory Authority (SRA) has warned the England and Wales legal services sector that it is still seeing routine non-compliance with anti-money laundering (AML) obligations and it may have to impose automatic fines if the situation does not improve.

The OECD has released the latest outcomes of its sixth annual peer-review reports on the base erosion and profit shifting (BEPS) Action 13 minimum standard on country-by-country (CbC) reporting. Of the Latin American countries reviewed, recommendations have been made to Honduras, Paraguay and Uruguay.

The trustee of three Cayman Islands trusts has obtained a court order under s.64A of the Cayman Islands Trusts Act (2021 Revision) to unwind errors that produced adverse tax consequences.

HMRC has agreed to reconsider its view on the taxation of resident non-domiciles who receive remittances of loan monies secured against collateral representing foreign income or gains.

The Judicial Committee of the UK Privy Council (UKPC) has held that a Mauritius bank's duty of confidentiality does not arise from the Banking Act 2004 (the 2004 Act) but exists at common law and equity.

The England and Wales High Court (EWHC) has rejected a will challenge made by two brothers on the basis of mutual wills allegedly made by their parents; however, it allowed the claim on the alternative ground of proprietary estoppel.

The King’s Bench for Saskatchewan has declined to apply the “armchair rule” in an intestacy case, with the result that a brother inherits part of his sister’s estate despite an assault conviction and a long-term estrangement.

Portugal's prime minister has suggested that the country's non-habitual tax resident regime may be terminated from 2024.

The manual for the UK Trust Registration Service (TRS) has been amended several times over September 2023, as HMRC continues to iron out details of the complex rules for compulsory registration.