HMRC
Offshore Bonds | 22 Jul 15
HMRC spares ‘non-aggressive’ trusts from IHT avoidance scheme crackdown
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
United Kingdom | 21 Jul 15
Experts question focus of HMRC offshore tax evasion powers
Experts have criticised HM Revenue & Customs for using scare tactics and having an incorrect focus after the government body announced new “strict liability” powers to tackle offshore tax avoidance last week.
United Kingdom | 21 Jul 15
Deadline for HMRC employee benefit trust settlements nears
Companies have just days left to settle their use of employee benefit trusts (EBTs) with HM Revenue & Customs or risk facing substantially higher tax bills, accountancy firm Moore Stephens has warned.
Four in five accountants leaving clients in dark over LDF
Just 19% of accountants have informed their clients about the Liechtenstein Disclosure Facility despite the beneficial programme being withdrawn in December, a survey has revealed.
Tax & Regulation | 14 Jul 15
Advisers face final chance to use the LDF
Advisers have been warned that time is running out to utilise the Liechtenstein Disclosure Facility (LDF) before it is replaced by a stricter system at the end of the year.