HMRC

Research published by HM Revenue & Customs on trusts suggests last year's Inheritance Tax changes were unnecessary, says Scottish Life International.

HM Revenue & Customs has confirmed updated guidance on employer contributions should be published within the next four weeks.

HM Revenue & Customs has denied a decision by the Special Commissioners has changed the way HMRC calculates whether a non-UK resident should pay tax.

Advisers with clients who have Retirement Annuity Contracts have one last chance to take advantage of the carry back rules, warns Clerical Medical.

Skandia is urging the government to reconsider what it describes as a "stealth tax on children" following confirmation gifts to minors through absolute trusts will be liable for tax charges.

Well it is that time of year again and it was tempting to see if I could write a piece that made no reference whatsoever to the festive season! But my plans have been spoiled in the last couple of weeks by an early Christmas present or two.

The Treasury and HMRC have confirmed customers who applied for pension term assurance policies on or before 6 December will be treated in the same way as those whose policies have already been issued.

I well remember last year's Pre-Budget Report which effectively banished residential property and things like art, wine and cars from being purchased directly by a self invested personal pension.

Clients must be on risk before midnight on 5th December to benefit from tax relief on pension term assurance policies, according to HMRC.

The Treasury is changing the rules governing the status of friendly society investment plans so policyholders are not penalised if the business is transferred to another insurance company.