HMRC

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

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.

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.

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

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.

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.

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.

REBATES

HM Revenue & Customs's (HMRC's) decision to tax unit and cash rebates could violate UK case law on competition, according to a platform consultancy.

Skandia is to add clean share classes to its platform following HM Revenue & Customs' decision that rebates to customers are taxable.