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HMRC

Ingenious hits back at HMRC ‘inaccuracies’ in case ruling

Tax & Regulation | 8 Aug 16

Ingenious hits back at HMRC ‘inaccuracies’ in case ruling

The chief executive of film partnership firm Ingenious has attacked HM Revenue & Customs in response to the UK tax office’s ruling on two tax avoidance cases.

AJ Bell warns of pensions overtax pitfall

Tax & Regulation | 5 Aug 16

HMRC hails victory in film scheme tax cases

The UK tax office has claimed victories in two long running legal disputes over schemes involving artificially created losses, which had ensnared several high-profile entertainment and sporting figures and involved hundreds of millions of pounds in unpaid taxes and interest.

UK reports record £5bn in IHT as Prudential spots advice ‘boom’

Tax & Regulation | 29 Jul 16

UK reports record £5bn in IHT as Prudential spots advice ‘boom’

The British tax office has set a new record by raising nearly £5bn ($6.6bn, €5.9bn) in inheritance tax (IHT), according to the latest figures from HM Revenue and Customs (HMRC).

Money taken out of UK pensions more than doubles, says HMRC

Retirement | 28 Jul 16

Money taken out of UK pensions more than doubles, says HMRC

The amount of money savers are taking out of their pensions has more than doubled in the three months to 30 June compared to the first quarter of the year, latest figures published by the UK’s tax office show.

Three UK advisers arrested in £132m tax-dodging fraud

Tax & Regulation | 21 Jul 16

Three UK advisers arrested in £132m tax-dodging fraud

Three UK tax advisers have been arrested as part of a HM Revenue & Customs (HMRC) investigation into a suspected £132m ($173m, €157m) fraud involving offshore trusts.

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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.