Two in three still confused by pension freedom rules
Despite being three years since HM Revenue & Customs introduced the pension freedoms, two out of three people over the age of 55 say they are still confused by the regulations.
HMRC
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‘Unlimited fines’ on the way for offshore tax evaders
Prison sentences and “unlimited fines” are two draconian penalties HM Revenue & Customs (HMRC) will have at its disposal from next week for UK taxpayers who evaded tax through offshore means in tax year 2017/18.
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HMRC to be quizzed over fairness towards individuals
HM Revenue and Customs is to face questioning over its treatment of individuals during tax enquiries.
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Adviser rapped for misleading tax scheme ad
A financial adviser who ran adverts for a scheme promising to avoid at least 60% of a stamp duty bill, has been slammed for being misleading.
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Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
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Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m ($20.9m, €17m) rebate.
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UK taxman ‘assuming the worst’ in offshore clampdown
HM Revenue & Customs is taking a hard line in its offshore tax probes, private client accountants have warned.
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Panama Papers to net UK taxman extra £100m
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
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Half of professional athletes fail to seek financial advice
Almost half of professional athletes have given no thought to planning their finances for when their sporting careers end, according to findings from Old Mutual Wealth’s Financial Adviser School (FAS) and MA Sports consulting (MA).
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HMRC hits back at ‘out of control’ over-taxing claim
HM Revenue & Customs has responded to a claim it is “out of control” by over-taxing people and then expecting them to claim it back.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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HMRC powers to scrutinise unexplained wealth go live
“Significant” regulation that requires individuals to explain to HM Revenue & Customs and the Serious Fraud Office (SFO) where their wealth came from has come into force.