HMRC refuses to share information on overseas pension list
Taxman ‘not making any effort to help the industry understand how they manage it’
Taxman ‘not making any effort to help the industry understand how they manage it’
Sharp drop in revenue likely motivating HMRC to kick-start reviews
And it could use ‘powerful weapons’ on those suspected of abusing coronavirus furlough scheme
Specialist task forces recoup record sum as UK tax receipts plummet by over 40% in April
More than 40% are resident in the Channel Islands, a freedom of information request reveals
UK taxman is ‘looking to help people most acutely affected by covid-19’
Number of enquiries to UK taxman have risen due to complexity of the system
‘Whole system is complex and there is a clear need to review how it works’
‘People have been attracted by the ability to use their pensions like cash machines’
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad
An out-of-court settlement could be best way for those affected