Tax Planning

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

More than one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time.

Guidance issued today by HMRC appears to extend the scope under which advice services will be exempt from VAT post-retail distribution review (RDR).

The government's proposed reforms to the child benefit system would create effects that are "bizarre and economically damaging", the Institute for Fiscal Studies (IFS) has said.

The Institute of Fiscal Studies, in its annual Green Budget, has outlined the main techniques individuals are likely to use to avoid paying the top rate of income tax.

The 50p top rate of tax is "unlikely" to be axed in the current financial climate, the mayor of London has said.

HMRC has extended by two days the deadline for taxpayers to file their online self-assessment tax returns, after industrial action threatened "chaos" at its call centres on deadline day.

In the first of a series of articles on trusts, Jeremy Pearson, technical support manager at Canada Life, explains the advantages of estate planning to solve clients' IHT problems.

Colin Batchelor of Legal & General Savings explains how your clients can still make significant contributions to their pensions despite a reduction in the annual allowance rules.

Deputy Prime Minister Nick Clegg is to urge the coalition today to "go further and faster" in implementing an increase in the income tax threshold.