Tax Planning

The government will freeze the annual exempt amount for capital gains tax (CGT), but will offer other routes for people cut tax liabilities.

The 50p tax rate is ineffective in raising revenue and encourages young wealth creators to hide their money abroad, a think tank has said.

The coalition should slash corporation tax to 15% and abandon the 50p top rate of income tax, the Institute of Directors (IoD) director general will say tonight at the organisation's annual dinner.

HM Revenue and Customs (HMRC) has defended its hiring policy after it emerged graduates were working on open tax inspection cases within six months of joining the service.

The government has moved a step closer to implementing a general anti-avoidance rule (GAAR) to the tax system after a report recommended the move today.

The Gaines-Cooper case has been a catalyst for a much needed statutory residence test to bring clarity and certainty to an area governed largely by case law and HMRC guidance, says Stuart Long, head of tax at law firm Howard Kennedy.

Expatriates and their advisers are failing to look further than tax benefits when choosing a qualifying recognised overseas pension scheme (QROPS), Guardian Wealth Management has warned.

Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.

Thousands of UK resident holders of Swiss bank accounts will receive letters from HM Revenue & Customs (HMRC) this week threatening a thorough investigation into their tax affairs.

Her Majesty's Revenue and Customs (HMRC) is targeting 2,500 doctors and dentists in its latest crackdown on tax evasion.