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HMRC

Tax Planning

HMRC cracks down on pension 'liberation' fraud

HM Revenue & Customs (HMRC) is set to de-register up to 500 pension 'liberation' providers as part of a wider crackdown on the schemes.

clock 02 July 2013 •

Offshore Investment

HMRC defeat heralds tighter rules for overseas pension transfers

The recent defeat by HMRC to levy a 55% tax on investors in a delisted Qualifying Recognised Overseas Pension Scheme (QROPS) is likely to see a further tightening up on overseas pension transfer rules.

clock 28 June 2013 •

Investment

Discretionary fund managers escape VAT obligation for transactional fees

Her Majesty's Revenue & Customs (HMRC) has upheld the VAT exemption on discretionary fund manager transaction fees.

clock 25 June 2013 •

Investment

Phoenix Group sees 340% rise in suspected pension liberation

Phoenix Group has seen a 340% rise in requests to transfer pensions to suspected pension liberation companies in the past three months.

clock 24 June 2013 •

Tax Planning

'Serious' tax evasion on the decline, says law firm

Efforts to stamp out tax evasion appear to be working after figures showed the number of ‘serious' cases hit a five year low.

clock 24 June 2013 •

Tax Planning

HMRC clarifies rebate tax position after provider demands

HM Revenue & Customs (HMRC) issued a number of clarifications on the updated tax rebate position following requests from providers.

clock 19 June 2013 •

Tax Planning

Multi-million pound tax case halted as HMRC official arrested

A major tax avoidance investigation has been halted after one of the key figures in the case was arrested on suspicion of wrongdoing.

clock 18 June 2013 •

Wrap/platforms

HMRC clarifies CGT rules for clean share class transfers

Capital gains tax (CGT) charges will be rolled over until disposal when switching to clean share classes, under new rules introduced by HM Revenue & Customs (HMRC).

clock 13 June 2013 •

Investment

HMRC to protect savers hit by latest pension tax relief cut

HM Revenue & Customs (HMRC) has launched a consultation on two new forms of protection for people caught unfairly by the government's most recent cuts to the lifetime allowance (LTA).

clock 12 June 2013 •

Tax Planning

Tax adviser's avoidance scheme blocked by Tribunal

A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.

clock 11 June 2013 •
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