The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.
The coalition government's staggered changes to tax law means advisers can boost their proposition by offering annual tax and pension reviews, according to Standard Life.
HM Revenue & Customs is launching a campaign today targeting people who sold second homes without declaring any profits made to the taxman.
A group of Conservative MPs are set to publicly warn that a radical change of economic strategy is essential to revive the economy, the Telegraph reports.
The e-petition against the government's decision to freeze the personal tax allowance for people aged 65 and over has attracted more than 100,000 signatures.
A tax avoidance scheme used by one hedge fund manager to save paying £7.5m in tax has been ruled unviable following a tribunal.
HM Revenue & Customs (HMRC) has successfully challenged a tax avoidance scheme in court and thereby ensured an additional £156m will be collected for the UK coffers.
The Bank of England's deputy governor, Paul Tucker, has raised the prospect of introducing negative interest rates to boost lending and support the UK economy.