Treasury

Rules governing investment trusts are under scrutiny in the Treasury consultation launched today, which seeks feedback on whether the sector should, as recommended by the Treasury Select Committee, fall under the same regulatory umbrella as other investment...

A BAN on smoking in pubs and restaurants is likely to lose the Treasury an estimated £1.8bn a year in tax, says this morning's Daily Telegraph .

A written response in Hansard, the official record of Parliament, confirms the Inland Revenue has backed off applying pre-owned asset tax (POAT) to equity release schemes, including home reversion, not used for IHT avoidance.

A new government website or new pages on the Treasury website should be available by Friday, devoted to the Child Trust Fund, a source has confirmed to IFAonline

National Savings & Investments will allow investors to buy premium bonds with a regular standing order from next Monday.

Advisers should to be allowed to claw back some of their FSA levy if they actively invest in consumer education of finance, according to a proposal being tabled to the FSA.

The UK government has increased the amount of tax relief available to British film productions to encourage more home grown movies, just months after unveiling VCT tax breaks aimed at the investors in British films.

Today's Cabinet reshuffle has seen Stephen Timms MP become Financial Secretary to the Treasury while Ruth Kelly MP is appointed as Minister of State at the Cabinet Office.

Introducing a tiered inheritance tax band would cut the tax paid by nine out of ten people but still add an extra £150m a year to the Treasury coffers, says the IPPR.

Tax rates and regimes must be changed to reflect the different nature of property investment funds (PIFs) if these sorts of products are to have any chance of success, argues the IMA in its response to government consultations.