Tax Planning

The Court of Appeal has unanimously rejected an appeal by a taxpayer against HMRC regarding a tax avoidance scheme recommended by PricewaterhouseCoopers in the early noughties.

The Consumer Prices Index (CPI) measure of inflation fell to 2.4% in June, from 2.8% in May, official figures show.

CASH IN HAND

The government is to announce details of a deferred payment scheme for residential care for the elderly, which will allow councils to lend individuals money to pay for care, then recoup the money when their house is sold after their death.

Higher rate taxpayers who have failed to submit tax returns are being offered the opportunity to come forward and pay up under a time-limited HM Revenue & Customs (HMRC) campaign.

GOSLING'S GROUSE

TAXMAN'S REVENGE

The European Commission is set to lay out new plans today for a unified approach to tackling tax evasion across member states, including setting up a dedicated team of auditors.

WELL FAIR REFORM?

Labour MP Michael Meacher has received cross-party support for a Private Member's Bill which would prohibit any financial arrangements principally designed for the purpose of tax avoidance.