HMRC
United Kingdom | 10 Oct 14
HMRC redefines promoters of tax avoidance
Draft legislation which is being examined by HM Revenue and Customs (HMRC) will exclude two types of people from the definition of promoters of tax avoidance schemes.
Thousands of tax bills miscalculated twice by HMRC
Tax bills for many thousands of people may have been miscalculated twice, according to a leaked staff email at HM Revenue & Customs.
DeVere Green praises maturing UK
The UK government’s proposal to give Qualifying Recognised Overseas Pension Schemes (QROPS) the same rights as traditional UK-based pensions demonstrates the maturity of the pension transfer market, says deVere’s Nigel Green.
Tax & Regulation | 6 Oct 14
Jailed pension scheme frauds ordered
Two directors of Tudor Capital Management have been jailed and ordered to pay back £5.1m after they set up a fraudulent pension scheme
HMRC to extract tax debt from wages
HM Revenue & Customs can now collect up to £17,000 a year in tax debts directly from the wage packets of high earners, following a largely overlooked constitutional change labelled staggering and regrettable by experts.