The proposed changes to pension input periods (PIPs) are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.
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).
Clients due FSCS compensation after investing in Keydata via their SIPP should beware unforeseen tax charges when they receive payment, providers warn.
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.
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.
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.
A convicted VAT fraudster has been sentenced to a further eight years in jail for failing to repay a £26m confiscation order.
An HMRC policy to target "deliberate tax defaulters" could prompt a wave of human rights cases against the taxman, a City law firm says.
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".
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.