The Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations, SI 2012/1221, stop certain types of pension schemes established in Guer
The Skipton Fund Limited (Application of Sections 731, 733 and 734 of the Income Tax (Trading and Other Income) Act 2005) (Amendment) Order, SI 2012/1188, extends the income tax exemption in SI 2011/1157 for regular p
The Parliamentary Assembly of the Council of Europe has warned that ‘massive’ offshore tax evasion and avoidance cause ‘serious harm to the public interest’ in Europe and elsewhere, and particularly in developing countries.
A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
Taxpayers who have not filed their 2010/11 tax return online by 30 April will face new daily penalties from 1 May, in addition to the fixed £100 penalty.
Anne Powell explains the background to the changes and their impact.
HMRC requested comments by 11 May on a draft statutory instrument to amend regulations to allow investors in PAIFs to exchange their units in a dedicated PAIF feeder fund for units in the PAIF and vice versa, in specified circumstances, without incurring a capital gains tax charge.
'We’re capping benefits and these figures clearly show why it’s fair to cap tax reliefs for the wealthy as well,' says Treasury