Legislation enabling HM Revenue & Customs to be able to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a range of measures UK Chancellor George Osborne unveiled in his budget today.
Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.
Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.
Controversial HM Revenue & Customs proposals hoping to tackle the backlog of outstanding tax avoidance cases have come under fire from the Chartered Institute of Taxation (CIOT).
HMRC last week lost a case in the UKs Supreme Court which could have a widespread impact on how company contributions to pension schemes are treated.
Pension fund administrators in Gibraltar will soon be able to offer qualifying non-recognised UK pension schemes (QNUPS) to individuals with UK tax obligations who have left the UK for good.
A tax avoidance scheme used by celebrities and fund managers, including one-time Radio 1 DJ Chris Moyles and former Liontrust fund manager Eoghan Flanagan, has been closed down by HMRC.
A consultation closes this evening on a plan that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute.
As the drop in the lifetime allowance looms, Brooklands Pension’s Chris Melville runs through the changes and the options open to your clients.
A debate is under way in the QROPS industry about whether pension fund trustees are right to permit QROP scheme members to begin taking pension benefits before the age of 55‚ if the scheme members have lived outside the UK for more than five complete tax years.
A “serial avoidance promoter” has lost its third attempt to appeal a decision by HM Revenue & Customs that an offshore scheme it was running avoided tax illegitimately.
The number of judicial review applications made against HM Revenue & Customs has jumped by nearly a third, according to figures obtained by law firm Pinsent Masons.
