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HMRC

HMRC loses Sipp case over pension liberation charges

Tax & Regulation | 20 Apr 17

HMRC loses Sipp case over pension liberation charges

A UK court has ruled that Sipp scheme operator Sippchoice should not pay sanction charges after HM Revenue & Customs (HMRC) accused it of being a pension liberation vehicle.

Retirement | 18 Apr 17

Nine countries dropped as Qrops list culled by 30%

Nine countries were dropped and one added when HM Revenue & Customs updated its list of qualifying recognised overseas pension schemes (Qrops) on Tuesday after it was temporarily suspended following drastic changes to overseas pension transfers.

HMRC to visit top UK football clubs in tax-dodging probe

Tax & Regulation | 6 Apr 17

HMRC to visit top UK football clubs in tax-dodging probe

The UK tax office will visit all English Premier League, Championship and Scottish Premier League clubs in the next three years to review payments made to players amid a string of high-profile tax avoidance cases.

HMRC gets tougher on APN avoiders amid Karen Millen bankruptcy

Tax & Regulation | 5 Apr 17

HMRC gets tougher on APN avoiders amid Karen Millen bankruptcy

The UK tax office has taken action against 14 users of tax avoidance schemes who failed to pay controversial accelerated payment notices (APNs) since their introduction in 2014 as last week high-profile British fashion designer Karen Millen was declared bankrupt over her £6m ($7.5m, €7m) unpaid bill.

HMRC launches new tax fraud hotline

Tax & Regulation | 4 Apr 17

HMRC launches new tax fraud hotline

HM Revenue and Customs (HMRC) has launched a hotline for the public to report tax fraud and evasion.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.