AGREEMENT is believed to be close between the Income Tax Office and Her Majesty’s Revenue and Customs to secure Qrops status for local employers who employ local residents.

THE fallout from the loss of Low Value Consignment Relief and the crack down on Qrops (qualifying recognised overseas pension schemes) is taking many forms.

GUERNSEY-BASED Qrops providers are looking at Malta in a bid to save their businesses.

THE Guernsey pensions industry is continuing the battle to save the sector.

A TOP pensions lawyer in the UK has warned that Guernsey is likely to expect more pressure from Her Majesty’s Revenue and Customs and the UK government as the great tax clawback continues.

GUERNSEY’S pension industry is pondering its next move this week in a bid to save the island’s under-threat Qrops business.

GUERNSEY’S transparency meant it was the first to be hit by HMRC’s Qrops crackdown, a UK-based pension adviser has said.

JUST three Guernsey-registered Qrops remain on HM Revenue and Customs’ approved list as the UK authorities went ahead yesterday with its threatened exclusion of more than 300 Guernsey schemes.

GUERNSEY’S pension industry will find out tomorrow if the island has again been singled out by the UK taxman after a new stance on Qualifying Recognised Overseas Pension Schemes has put 200 local jobs at risk.

THE future for Qrops in Guernsey will be explained to a City audience in London in May.