Kreston IOM Gears Up For New Pensions Business

With Malta suddenly becoming a premier option for pension scheme operators following recent rule changes by Her Majesty’s Revenue and Customs, local professional service providers are accelerating their efforts to handle this new business. Momentum Pensions, and a controlling interest in Momentum’s Malta company, have now been acquired by BW… Read more

Kreston IOM Expands into Malta

Kreston IOM has today announced the acquisition of Momentum Pensions Ltd, an Isle of Man based Pension provider, together with the acquisition of a controlling interest in Momentum Pensions Malta Limited, which expands the group's distribution across Europe. The transaction requires regulatory approval, but combines the expertise of both Groups… Read more

Kreston Network Wins International Accounting Bulletin Award

BW Oakfield and fellow Kreston International member firms were among the winners at last week's International Accounting Bulletin inaugural industry awards. The Awards attracted over 100 nominations from around the world across 13 categories and were judged by an independent panel of specialists drawn from the accounting profession. Only two of the… Read more

New Isle of Man Double Taxation Agreements come into force

The Isle of Man Treasury announced today that the Double Taxation Agreement (DTA) with Bahrain enters into force today and the Island's Tax Information Exchange Agreement (TIEA) with Mexico entered into force on 4 March 2012. The DTA with Bahrain was signed in Bahrain on 3 February 2011 by H… Read more

Removal of Capital Distribution concession for Isle of Man Companies

The Isle of Man Treasury announced today that it was no longer treating certain distributions within Isle of Man Companies as if they were capital in the hands of the company's shareholders, and will treat all distributions made by a corporate taxpayer taxable. The removal of the concession is effective immediately… Read more

Kreston IOM Welcomes On Board New Talent

Kreston IOM has announced the appointment of Paul Hinstridge to the company, as Trust and Corporate Supervisor. Paul, who has an ICSA Diploma in Offshore Finance and Administration and is in the final stages of being fully ICSA qualified, joins Kreston IOM from a well-grounded background in the Fiduciary Sector, his… Read more