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HMRC

Regulation

Pension schemes need single regulator, MPs say

The pensions industry needs a single regulator or gaps in scheme governance will harm savers, MPs have said.

clock 25 April 2013 •

Tax Planning

HMRC issues pension 'liberation' alert

Her Majesty's Revenue & Customs (HMRC) has issued a warning to consumers vulnerable to "unscrupulous" firms offering to help them access their pension savings early.

clock 24 April 2013 •

Tax Planning

Bristol and West loses £30m corporation tax avoidance case

Bristol and West, which is owned by the Bank of Ireland, has lost an attempt at a Tax Tribunal to avoid paying about £30m tax on a £91m gain.

clock 23 April 2013 •

Wrap/platforms

Ascentric predicts re-registration 'chaos' following platform paper

Ascentric has become one of the first platforms to explicitly rule out lobbying for super-clean share classes.

clock 23 April 2013 •

Tax Planning

Super-rich pay HMRC £220m extra tax

The 'super-wealthy' paid 10% more tax last year as a result of HM Revenue & Customs (HMRC) high net-worth unit which netted the Exchequer an additional £220m, the Telegraph reports.

clock 22 April 2013 •

Tax Planning

Tax advisers face flurry of claims after HMRC crackdown

A spate of professional negligence claims have been lodged against the promoters of tax avoidance schemes - including advisers - following a clampdown by HM Revenue & Customs (HMRC), according to Reynolds Porter Chamberlain (RPC), the City law firm.

clock 19 April 2013 •

Regulation

HMRC says VAT is chargeable on contract-based DC advice

Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.

clock 18 April 2013 •

Wrap/platforms

More platforms launch tax calculators after HMRC ruling

Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.

clock 18 April 2013 •

Tax Planning

Tax barrister loses court battle to avoid paying HMRC £190k

A tax barrister who designed his own tax avoidance scheme and defended it in court against HM Revenue & Customs (HMRC) has lost his attempt to avoid paying £190,000 in tax.

clock 12 April 2013 •

Tax Planning

Island tax cheats told to come clean

Tax cheats hiding investments and assets in the Isle of Man, Guernsey or Jersey are being asked to pay the tax they owe before HM Revenue & Customs (HMRC) clamps down on them.

clock 09 April 2013 •
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