HMRC
Skandia praises HMRC for preventing IHT
Skandia has said that while HM Revenue & Customs prevented a mass headache by leaving existing trusts out of its proposed reforms to the calculation of inheritance tax, it will create thousands of new demands for financial advice.
Retirement | 11 Jun 14
HMRC accused of assault on trusts
A leading tax specialist has described recent proposals by HM Revenue & Customs to crack down on inheritance tax avoidance as the latest in a series of assaults which may lead to the ultimate demise of trusts.
Tax & Regulation | 11 Jun 14
law society call for body to veto tax policy
The City of London Law Society has called for an independent body to be set up with the power to veto tax legislation as a way to avoid ‘huge damage’ to the UK tax regime’s reputation for stability.
Tax & Regulation | 9 Jun 14
HMRC trust proposals target IHT avoidance
HM Revenue & Customs has proposed a limit to the amount an individual can transfer into a series of trusts tax free, in its latest attempt to crack down on the use of multiple trusts to avoid inheritance tax (IHT).
Tax & Regulation | 4 Jun 14
One fifth accountants unaware of disclosure terms
One fifth of UK accountants and tax advisers have not told all their clients about the terms of the Liechtenstein Disclosure Facility, a survey has revealed.