Latest News
HMRC rebates for majority after mistakes with PAYE
Nearly 2m workers will be hit by tax demands as HM Revenue & Customs starts to correct tax mistakes in the pay as you earn system for 2012/2013.
HMRC to probe 200 advisers over offshore tax schemes
Over 100 people who benefit from offshore structures have been identified and a number of these are under investigation.
HMRC targets £2m tax scheme clampdown after court victory
Tax authority says ruling can be applied to other cases involving tax owed of around £2m.
Gov’t launches 5-country pilot to exchange tax information
Treasury says latest initiative is an “important further step” in the fight against tax evasion.
Skandia shifts emphasis to clean fee share classes
Platform steps back from focus on “super clean” share classes in favour of continuation of unit rebates.
Standard Life to go ‘rebate-free’ on platform
Platform claims fund manager support for exclusive cheaper share classes and aims to remove all rebates by end of 2013/14 tax year.
Analysis & Opinion
How to...address trust tax liabilities
Income tax and capital gains tax liabilities may apply to the settlor, trustees or beneficiaries – or all of them
It is a taxing time
When divorcing, one of the biggest challenges for parties and their advisers is stretching the financial pot to enable two new households to operate.
Income and capital gains issues in trusts
Trust taxation: Danny Cox unravels trusts by looking at income and capital gains issues as they apply to UK-resident
Providers making less effort to help with tax year deadlines
Unusually I found myself running around like a madman at the tax-year end.
Recent Articles
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From Training| May 16, 2013Guide to Inheritance Tax Planning
Inheritance Tax is no longer something which just affects the wealthy.
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From Regulation| Apr 03, 2013Tax avoidance promoters targeted in Finance Bill
The Treasury has introduced a number of tax measures in the 2013 Finance Bill that will have implications for financial planning.
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From Investments| Mar 28, 2013HMRC rebate tax U-turn unlikely: FundsNetwork
Discounts granted on intial charges on funds will not be subject to HMRC’s new rebate tax, says FundsNetwork.
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From Investments| Mar 20, 2013Fund industry welcomes £145m stamp duty boost
SDRT removal means cost of tax and administration will come down for fund managers.
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From Regulation| Jan 21, 2013Most advisers ‘not affected’ by new US tax rules
HMRC says advisers unlikely to be affected after US finalises stringent new tax laws.
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From Regulation| Dec 10, 2012Gov’t in Isle of Man tax crackdown agreement
Tax specialist says Treasury could “reap huge windfalls” over the next few years if it has the resources to follow up tax avoidance investigations.
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From Regulation| Dec 04, 2012HMRC given fresh powers to tackle ‘cowboy’ tax advisers
The government has announced new action to clamp down on tax dodgers, ahead of Autumn Statement.
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From Regulation| Nov 12, 2012
HMRC launches website in tax evasion amnesty
Campaign is part of HMRC’s “broader work” to tackle evasion and fraud that is being funded with £917m from government.
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From Investments| Nov 12, 2012
Tax becomes very taxing
Confusion reigns on the tax treatment of DFMs
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From Pensions| Nov 09, 2012
James Hay appoints tax and trust specialist
Sipp provider poaches Aegon UK’s tax and trust consultant.