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HMRC

uncategorised

Pension input changes 'appalling', experts warn

The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.

clock 12 April 2011 •

Pensions

TISA warns SIPPs and wraps could take VAT hit

SIPP and wrap providers who do not currently pay VAT on fees for their services could find they are actually liable, warns Malcolm Small, policy director at the Tax Incentivised Savings Association (TISA).

clock 11 April 2011 •

uncategorised

Keydata payouts may trigger tax hit for SIPP clients

Clients due FSCS compensation after investing in Keydata via their SIPP should beware unforeseen tax charges when they receive payment, providers warn.

clock 30 March 2011 •

Investment

Regs will drive UK banks out 'in months' - papers

HSBC chairman Douglas Flint has warned major UK banks are bringing forward potential plans to relocate overseas due to uncertainty over the future regulatory structure of the financial sector.

clock 30 March 2011 •

Protection

'Substantial amount of work' to complete new protection tax regime - HMRC

HMRC will stage a series of open meetings to discuss the ‘substantial amount of work' remaining on the reclassifying protection business for providers under a new tax regime.

clock 28 March 2011 •

uncategorised

Judge intervenes to end HMRC v QROPS trustee battle

A high court judge has moved to bring an end to a three-year legal battle between HMRC and a qualifying recognised overseas pension scheme (QROPS) trustee.

clock 25 March 2011 •

Your profession

Fraudster gets eight more years for VAT scheme

A convicted VAT fraudster has been sentenced to a further eight years in jail for failing to repay a £26m confiscation order.

clock 22 March 2011 •

Tax Planning

HMRC's hunt for tax avoiders could breach human rights

An HMRC policy to target "deliberate tax defaulters" could prompt a wave of human rights cases against the taxman, a City law firm says.

clock 21 March 2011 •

Tax Planning

HMRC to suspend website on 5 April

HMRC plans to suspend online access for the public at the end of the tax year, despite admitting to MPs this week that its telephone-based service is "not acceptable".

clock 18 March 2011 •

uncategorised

Pensioner caught with laundered £60K in underpants

A 69 year old man who tried to smuggle £60,000 in laundered money notes out of the UK by hiding it in his underwear, has been ordered to repay HMRC what he owes or face jail.

clock 15 March 2011 •
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