HMRC

Tax & Regulation | 3 Jun 13

HM Revenue & Customs has sought to reduce the complexity of the way inheritance tax trust charges are calculated, in a consultation document released late yesterday in London.

Tax & Regulation | 3 Jun 13

The new reporting requirements set down in the draft QROPS regulations issued last month by HM Revenue & Customs will not apply to schemes that lost their QROPS status before the regulations become law, at least as currently proposed, pension industry sources report.

Tax & Regulation | 3 Jun 13

Now that the UK has its first-ever statutory definition of UK residency for tax purposes, the tax authorities have come up with a tool to help people determine their status.

Retirement | 28 May 13

The draft QROPS regulations issued last Friday by HM Revenue & Customs are being seen by pension fund administrators as providing much-needed clarification of the legislation governing such pension schemes, which the Revenue significantly altered last year.

Retirement | 24 May 13

HM Revenue & Customs has published draft QROPS regulations which, among other things, will introduce a formalised penalties regime for former non-compliant QROPS.