HMRC sets two year window to appeal offshore bond withdrawals
The UK tax office has given policyholders two years to appeal ‘unfair’ or disproportionate tax bills resulting from ‘mistaken’ withdrawals from life policies.
Lobler
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HMRC, the Lobler case and 5% offshore bonds
Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.
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HMRC decision on 5% life withdrawals ‘weeks away’
HM Revenue and Customs (HMRC) has confirmed that changes to the 5% tax free withdrawal from offshore bonds will not be announced until after the chancellor’s Autumn statement on 23 November.