The Office of Tax Simplification is to examine the complexities surrounding share schemes and pensioners’ taxation, having identified these areas as having the potential to benefit a significant number of taxpayers, tackle legislative complexity and streamline tax administration.
Erika Jupe considers the practical issues involved in a company raising finance under the EIS and VCT schemes
HMRC are inviting comments by 1 June on draft anti-avoidance legislation to provide that certain foreign pensions paid to UK residents may be taxed in the UK.
The government is consulting on proposed changes to limit ‘unintended tax relief’ for employer ‘asset-backed’ contributions to defined benefit registered pension schemes.
Recent changes to the EIS and VCT rules make it more difficult for many overseas companies to qualify. Robert Langston sets out potential solutions
Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions
HMRC’s Pension Schemes Newsletter Number 46 includes articles on scheme sanction charge assessments; changes to the penalties regime; the restriction of pensions tax relief; and ‘disguised remuneration’.