The Taxation of Pensions Bill was introduced in the House of Commons on 14 October 2014.
Validity of a discovery assessment
Free movement of capital and the taxation of foreign holdings
Chancellor George Osborne has set out changes to cut the 55% ‘death tax’ charge on pension savings. From April 2015, beneficiaries of those with a drawdown arrangement who die before age 75 will be entitled to receive the deceased member’s pension pot as a tax free lump sum.
HMRC’s helpful guidance on withholding tax obligations following the transfer of loan receivables flags risks for intermediaries in the chain of payment, writes Eloise Walker, partner, Pinsent Masons.
Carolyn Steppler and Neil Morgan (EY) provide your guide to the operation of the new relief
Karen Bowen, a tax director at Francis Clark, answers questions on HMRC's recent change in practice.
Mark Middleditch (Allen & Overy) provides this month’s update, including: the limits of the purposive approach in tax avoidance cases; accelerated payments and DOTAS; draft changes on loan relationships and derivative contracts; notice clauses in tax indemnities; and the new HMRC Stamp Taxes on Shares Manual
Jackie Wheaton (Moore Stephens) answers a query on a UK person investing in a US LLC that is tax transparent for US purposes
Andrew Goldstone and Victoria Howarth (Mishcon de Reya) review recent developments, including consultations on VCTs, social investment tax relief and income tax allowance restrictions for non-residents; changes to the tax treatment of commercial loans taken out by non-doms; ATED; and guidance on dual employment contracts