Concept removes upper limit on Aurora Lite offering
Guernsey-headquartered QROPS provider Concept Group has removed the upper limit on its Aurora Lite offering and waived transfer fees into and out of its Gibraltar-based schemes.
HMRC
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Two thirds of Britons oppose HMRC
Two thirds of Britons are opposed to the UK Governments ability to demand the payment of disputed tax without passing through the court system, a poll released today has found.
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Avoidance promoters to face 1m fines over
HM Revenue & Customs has ramped up the rules around tax avoidance schemes with “high risk” promoters now facing fines up to £1m.
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Aegon launches online service
Aegon has launched Your Retirement Planner, an online tool to help advisers guide clients through the options available to them following Aprils UK pension reforms.
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Accountants lose court battle over
An accountancy firms appeal against a Financial Ombudsmen Service (FOS) decision which ruled it was liable for advising clients to invest into a now-blacklisted tax avoidance scheme has been dismissed by the UK courts.
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Eclipse ruling A victory against
Hacker Young’s Michael Avient takes a look at the implications of HMRC’s victory against Eclipse on tax avoidance court cases.
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HMRC likely to review QROPS
HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a wide review into how overseas pensions are taxed, say industry experts.
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LDF two thirds down on target as
The Liechtenstein Disclosure Facility (LDF) has raised little over one third of its £3bn target yield with just over one year left until it is closed
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HMRC defeats Disney avoidance scheme
HM Revenue & Customs has defeated in the Court of Appeal a tax avoidance scheme which made false investments into Disney films.
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Tax evasion inquiries by foreign govts soar by 45%
Britain’s tax office has seen a surge in foreign governments making information requests about tax evasion over recent years.
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Guernsey to enable transfers
Guernsey QROPS will benefit from full flexibility following a legislative change that will enable policyholders locked into schemes on the island to transfer funds into other jurisdictions.
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UK to toughen tax evasion laws
The HSBC tax evasion scandal has put pressure on the UK government to introduce new legislation making it easier to prosecute people for hiding money in offshore bank accounts.