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.
HMRC
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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.
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HMRC attacked over pathetic response to HSBC
The head of HM Revenue & Customs (HMRC) has come under fire for not taking action against UK citizens to prevent the HSBC tax evasion scandal.
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HSBC hit by further tax avoidance revelations
Documents originally leaked in 2010 show how HSBC helped wealthy clients from around the world evade taxes via its Swiss private banking arm.
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HMRC cracks down on serial tax avoiders
HM Revenue & Customs has proposed a tougher crackdown on users of multiple tax avoidance schemes.
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Tax crackdown sees 60% surge in revenue
HMRC’s clampdown on tax avoidance and evasion saw the amount collected from mass affluent taxpayers soar by £137M according to a report from Pinsent Masons.
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Fully flexible QROPS to lose IHT-exemption
QROPS which embrace HMRCs full flexibility proposals will not qualify for inheritance tax-exemption because of an omission by the Revenue, a leading provider of the schemes has said.
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Reviews into HMRC late payment penalties increase
HMRC has seen a rise in the number of reviews requested by taxpayers into decisions it has made on late filing and late payment penalties.
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Women win the battle of the taxes
Women are more likely than men to send in their tax return on time, according to research by HM Revenue & Customs.
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Malta QROPS to receive full flexibility
QROPS domiciled in Malta will benefit from the full flexibility which is to be afforded to UK pensions, after a change to local pension legislation.
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The inspector has gone for a lie down HMRC
It's apparent the public are not the only ones guilty of making tax excuses, as Baker Tilly’s George Bull responds to HMRC’s list with his account of the Revenue’s own questionable responses to taxpayer affairs.
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Top 10 terrible tax excuses
HM Revenue & Customs has released its top 10 list of terrible tax excuses, once again showing that creative defences are not limited to schoolchildren who have not done their homework.