Tax Planning

Advisers and pension scheme members have been warned not to "overreact" to the pension lifetime allowance cut, which is due to fall from £1.5m to £1.25m on 6 April.

The UK's headline rate of inflation fell to 2% in December, meeting the government-set target for the first time since November 2009, official figures show.

A crackdown on employers that set up offshore trusts for top earners has started to pay off, helping HM Revenue & Customs (HMRC) more than double its takings from investigations into big companies' payroll tax avoidance last year.

The Bank of England's Monetary Policy Committee has left interest rates unchanged again at 0.5%.

A film scheme marketed as a tax efficient way to invest in the movie industry and which had signed up former England football manager Sven-Goran Eriksson has been defeated by the Upper Tax Tribunal.

THE WINNER IS...

SCOTLAND

The current system of pension tax relief is "unfairly skewed" leaving those on modest earnings with little reward for saving into a pension, John Lawson has said.

#AS 2013

Spouses and civil partners will be able to transfer £1,000 of their income tax personal allowance to their partners under plans unveiled by Chancellor George Osborne.