Tax Planning

Nucleus has added a collection of trusts to the platform following adviser demand.

MPs may be forced to debate a controversial plan to halt age-related tax allowances - a move dubbed a ‘granny tax' - after an online petition opposing it garnered almost 100,000 signatures.

HM Revenue & Customs (HMRC) has announced that Britons concealing money in the Isle of Man have three years to own up and get their affairs in order.

Workers and pensioners are being warned to double-check their tax codes or face being landed with shock bills that they cannot appeal.

Her Majesty's Revenue & Customs (HMRC) should "name and shame" those who create, sell or use tax avoidance schemes to discourage activity which is costing the Treasury billions of pounds a year, a committee of MPs has said.

FIVE THINGS

The Liberal Democrats are considering whether to extend their 'mansion tax' policy to cover other properties, including second homes.

Labour will re-introduce a 10p starting rate of tax if it wins the next general election, paid for by a new ‘mansion tax' on £2m properties, Ed Miliband said today.

Labour leader Ed Miliband is set to condemn the government's decision to scrap the 50p tax rate in a wide critique of the coalition's economic policies, as the political battle lines are drawn ahead of next month's Budget.

The Bank of England's Monetary Policy Committee will tolerate missing the inflation target for the next two years in order to support the UK recovery, said Bank governor Mervyn King.