Tax Planning

Her Majesty's Revenue and Customs (HMRC) will more than quadruple its income from fines of self-assessment taxpayers after a rule change.

Her Majesty's Revenue and Customs (HMRC) has begun disciplinary procedures against the whistleblower who spoke out over its alleged tax deal with Goldman Sachs.

HM Revenue & Customs (HMRC) has appointed the permanent secretary at the Department of Transport chief executive officer of the service.

The government has proposed relaxing the tax rules on Property Authorised Investment Funds (PAIFs) and REITs in a move which may increase the number of funds in this space.

Inheritance and capital gains tax-free allowances will rise more slowly in future, following a government decision to uncouple them from the retail prices index (RPI) so they rise in line with the lower consumer prices index (CPI).

The Treasury has extended its proposal to introduce a lower rate of inheritance tax (IHT) where people leave a charitable legacy of 10% or more on death.

The Treasury has delayed reform to the statutory residence test while it assesses the wide variety of views it has received from the industry.

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

An oft-cited reason for selecting a distributor influenced fund (DIF) over an independent vehicle - that it can mitigate clients' capital gains tax (CGT) liabilities - is not a strong enough standalone reason for recommending it, the FSA has said.

As the government considers a catch-all rule for tax abuse, the experts give us the lowdown...