HMRC

Chiltern is warning HM Revenue & Customs could start clamping down on undisclosed tax liabilities in offshore accounts as early as July.

Advisers have been given more clarity on the issue of Discounted Gift Trusts, following the publication of a technical note from HM Revenue & Customs.

HM Revenue and Customs has published further guidance clarifying A-Day changes on tax relief for employer contributions by owners and controlling directors of companies.

There have been some interesting legal decisions recently which have affected the rights of couples, be they married or cohabitees, and could potentially lead to changes in the way finances are managed and advised on.

Suffolk Life has questioned whether the regulation of Self Invested Personal Pensions put in place by the Financial Services Authority earlier this month will achieve all its aims.

A lack of immunity in the offshore ‘amnesty' announced by HM Revenue & Customs means the system could be dangerous for more complex disclosure cases, warns a director from law firm DLA Piper.

The decision by Special Commissioners to reject an appeal over Inheritance Tax and nil-rate band will trusts has come as no surprise, claims Standard Life, but argues it doesn't affect the way trusts work.

HM Revenue & Customs has unveiled plans for an offshore ‘amnesty' which could affect over one million people and bring in around £5bn for the Treasury in unpaid taxes.

From October pension schemes will have to file certain information electronically, as HM Revenue & Customs says it will reject any paper returns received after the deadline.

A test case decision by HM Revenue & Customs' Special Commissioners could mean the use of nil rate band discretionary trusts to avoid Inheritance Tax is under threat, claims MacIntyre Hudson.