Keith Webster and Richard Croker of CMS Cameron McKenna report on HMRC’s brief on occupational pension schemes following PPG Holdings
Following the decision of the CJEU in PPG Holdings BV (C-26/12), HMRC has confirmed that it now accepts that services received by a pension fund, which go further than the management of investments, can be general costs.
Malcolm Pengelly answers a query on the tax treatment of commissions paid to or for the benefit of investors.
HMRC’s administration of the QROPS regime has the effect of making cross-border transactions far less attractive and considerably riskier than keeping funds in the UK, reports Robert Waterson.
A new tool has been released by HMRC so that pension scheme members can check whether they need to calculate an annual allowance tax liability and complete a self-assessment tax return. Further details are available.
European Securities and Markets Authority (ESMA) has now produced its guidelines on sound remuneration policies under the Alternative Investment Fund Managers Directive (AIFMD), which apply to managers of alternative investment funds. Peter Trevett QC considers the resulting tax issues affecting fund managers operating through LLPs
The following have been published:
The Individual Savings Account (Amendment No. 3) Regulations, SI 2013/1743, which come into force on 5 August 2013, extend the list of qualifying investments for a stocks and shares ISA to include company shares admitted to trading on a recognised stock exchange in the EEA.
As per the Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2013/1772, annual payments to participants in an alternative investment fund will not be classed as qualifying annual payment under the Income Tax Act 2007, from 7 August 2013, provided they are charged to income tax under t
John Hayward questions whether the pensions tax regime introduced in 2006 achieved the simplification it intended