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It has been widely reported of the Inland Revenue’s plan to recover up to £3.8 billion in under paid income tax through the Pay As You Earn System (PAYE). The underpayment has occurred as a result of a new computer system being introduced. It’s estimated about 1.4 million people will be asked to pay back [...]
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The Law gazette reports of the application by ILEX to the Legal Services Board for the rights to authorise its members to undertake Probate Work. Such an activity has been primarily reserved to Solicitors but if successful ILEX could allow its members to carry out probate work in its entirety.
Applicants would have to pass [...]
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Joint bank accounts often give cause for concern at death either because the deceased’s interest in those funds is not clear or the correct tax treatment. The former is the one most clients do not think of. Our Simon Eyre- Wood points out: -
“…..When money is placed in a Joint bank account there is a [...]
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The director of the Legal Services Policy Institute has advised the Legal Services Board against altering the list of reserved legal activities. The LSB is currently considering adding will-writing to the reserved list given the non regulation of the will writing industry and the problems encountered with ‘cowboy’ will writers.
Our view is that regulating the [...]
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