tax

The Treasury is still discussing whether to scrap plans for a tax on with-profits funds after consultation with the industry, despite hopes it would be scrapped today.

GORDON BROWN is gaining millions of pounds a year for the Treasury by leaving tax allowances and thresholds in line with inflation, says this morning's Times newspaper.

An IFA is urging former property owners continuing to 'use and benefit' from the property to be aware of new tax rules taking effect on 6 April.

The DTI's Businesslink website has launched a series of free practice advice and tools to try and help smaller businesses and managers keep up-to-date on general regulatory changes and information to be supplied to employees.

Demand is running high for ideas and explanations of how property can be incorporated into SIPPs come A-Day, says Winterthur Life.

SIPP firm A J Bell has criticized the Inland Revenue's intention to impose minimum unsecured pension as a part of ‘back door' change to A-Day tax legislation.

Regulatory reforms must include the removal of discrimination against closed-ended funds when it comes to investing in bonds, the Association of Investment Trust Companies says.

THE INLAND REVENUE has been forced to admit

THE INLAND Revenue's new powers to tax workers retrospectively without needing to go through the courts could leave thousands of taxpayers facing bills they did not know about, says the Daily Telegraph.

A reversal on rules by Government regarding pensions sharing and divorce will enable the majority of divorcees to rebuild their pension rights within the tax-approved pension system.