From April 2016, the government will introduce an allowance to remove tax on up to £1,000 of savings income for basic rate taxpayers and up to £500 for higher rate taxpayers. The government said that savings income that remains taxable will be collected through the PAYE coding system.
Hints of things to come, by Sophie Dworetzsky (Withers).
The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.
The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2015/606, specify the information scheme administrators must provide with effect from 6 April 2015 both to the receiving scheme administrator when transferring pension funds which can be paid tax free, and to HM
The Market Value of Shares, Securities and Strips Regulations, SI 2015/616, implement the Office of Tax Simplification’s recommendation to replace the ‘quarter up’ method of determining the market value of listed shares with the closing price on the relevant day, with effect from 6 April 2015.
UK resident policyholders sometimes invest in overseas insurance bonds to defer tax liabilities of the insurance policy. The use of these policies is increasingly scrutinised by HMRC, writes Andrew Park (BDO).
Thomas Dalby (Gabelle) answers a query on managing the retirement of a senior employee who holds company shares, as well as assets in an EBT.
A recent CJEU decision on French social contributions on non-residents triggers a run for refunds.
Diane Elliott (BDO) provides a guide to the simple practical steps which can assist in agreeing a valuation with HMRC
Was a pension plan established in the US?