HMRC

The legalising of pension scheme transfers outside the UK via QROPS has opened up many tax and other advantages for expatriates and those retiring overseas.

HM Revenue & Customs (HMRC) launched 9,368 investigations into inheritance tax valuations last year and is targeting estates and beneficiaries, warns accountancy firm UHY Hacker Young.

Deposits in banks on the Isle of Man have fallen from £56.8bn to £49.9bn since Her Majesty's Revenue and Customs (HMRC) created a unit to focus on tax avoidance via offshore schemes.

Risky tax avoidance schemes could be listed and their users forced to pay disputed tax upfront under proposals by Her Majesty's Revenue and Customs (HMRC).

Latvia's top ten ranking for pension transfers from the UK in 2009/10, despite few British expats retiring there, suggests the country is being used to abuse tax loopholes, AJ Bell said.

When there is a flurry of tax reform, as there has been in the past year, some things tend to get lost in all the activity. This little gem had almost escaped notice.

Tax rules covering employer asset-backed contributions to final salary pension schemes are the latest to come under the taxman's scrutiny with a consultation launched this week.

Her Majesty's Revenue and Customs'(HMRC) power to access and gather data is eroding trust in the organization and must be checked, the Chartered Institute of Taxation said.

Singapore-based qualifying recognised overseas pension scheme (QROPS) trustee Equity Trust has lost its latest hearing in a high court, leaving investors open to a potential 50% tax charge.

Nick Homer, protection proposition manager at Zurich Financial Services, discusses trust planning options.