ldf tax yield could be less than half
The revenue the UK Government will see in its coffers as a result of the Liechtenstein Disclosure Facility amnesty scheme "is likely to fall significantly short of its £3bn target", a UK law firm has predicted.
HMRC
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warn clients in tax disputes to get ready to pay
Advisers whose clients are among the 65,000 individuals and businesses said to be under investigation for having used UK tax avoidance schemes, are being told that they should begin urging these clients to line up the cash necessary to pay the disputed amount by early autumn.
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chancellor uses budget to scare tax cheats
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.
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hmrc under fire over plans to force payment
Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.
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Celebrities in firing line as HMRC looks to recoup
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.
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hmrc proposals to help clear tax avoidance case
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).
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victory over hmrc paves way for repayment claims
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.
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gibaltar to enter qnups market
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.
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dj chris moyles and former liontrust manager
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.
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consultation closes today on hmrc plan
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.
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are your clients protected from the lifetime
As the drop in the lifetime allowance looms, Brooklands Pension’s Chris Melville runs through the changes and the options open to your clients.
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qrops industry in split over pre-age-55
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.