Dan Jones  

HMRC loses battles but will win the war

Dan Jones

It’s not just the offshore world that needs careful consideration. HMRC has been dealt a blow on in-specie contributions, but its quest to boost the tax-take means the episode may yet prove to be the first of many retrospective changes.

That would be a source of particular frustration – even ‘tax first, ask questions later’ looks better than ‘ask no questions, tax later’. 

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Unfair as it may seem, advisers should give careful thought to which aspect of their tax plans may be next to fall by the wayside.