A report in the British Press today says that Lord Michael Ashcroft has informed parliament that he no longer heads the Belize Bank. The report in The Telegraph says that "His declaration in the register of members’ interests was made before
the
general election but officially announced by the House of Lords
yesterday –
eight days before a deadline for all peers to be domiciled in the
United
Kingdom for tax purposes."

The newspaper report adds that "A spokesman for Lord Ashcroft denied that the decision to stand down as
chief
executive of BCB Holdings Ltd, which has banking and “other interests”
in
Belize, was connected to the new requirement on MPs and peers to be
domiciled and resident for tax purposes."

More on the story at The Telegraph