HMRC
Retirement | 18 Nov 16
UK savers over-50 reveal ‘bonkers’ use of pension freedoms
Almost a quarter of over-50s in the UK plan to cash in their pension even after withdrawing their 25% tax-free lump sum, accord to a survey by Retirement Advantage.
Tax & Regulation | 14 Nov 16
Former BHS owner Dominic Chappell arrested in HMRC probe
Dominic Chappell, the former owner of the collapsed UK department store BHS, has been arrested as part of an investigation by HM Revenue & Customs into the tax affairs of his company Swiss Rock.
Tax & Regulation | 9 Nov 16
UK to probe 22 people over Panama Papers tax evasion probe
Twenty-two wealthy individuals in the UK face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, Britain’s chancellor Philip Hammond has told officials.
Offshore Bonds | 4 Nov 16
HMRC decision on 5% life withdrawals ‘weeks away’
HM Revenue and Customs (HMRC) has confirmed that changes to the 5% tax free withdrawal from offshore bonds will not be announced until after the chancellor’s Autumn statement on 23 November.
Offshore Bonds | 1 Nov 16
HMRC could rule out changes to 5% withdrawal on life bonds
The UK is expected to adopt an all or nothing approach on upcoming changes to the 5% tax free withdrawal from offshore bonds, Canada Life International’s technical manager Neil Jones has revealed.