Around 6m children are eligible for a Junior ISA, available from 1 November at a range of high street institutions, HM Treasury said.
A 200-strong team of investigators and specialists is targeting ‘wealthy tax cheats’ who own property abroad, HMRC said. Danny Alexander, the Chief Secretary to the Treasury, announced the creation of the ‘affluent’ unit at the recent Liberal Democrat conference.
Guidance for taxpayers who are about to be told that they owe tax for 2010/11 has been published by the CIOT’s Low Incomes Tax Reform Group.
In light of the judgment, Patricia Mock and Bill Dodwell look at what it means for HMRC powers regarding extra-statutory concessions and contending residency, and legitimate expectation
Following a recent HMRC briefing for professional advisers, Aileen Barry reviews the terms of the draft UK/Swiss Agreement, speculates as to how HMRC will interpret it and how the Swiss banks will implement it, and considers what the actual outcome will be
John Endacott provides a review of recent developments, including the new higher late filing penalty, plus the Swiss deal and the LDF
Jo Summers reviews alternatives for HNWI and non-dom clients to structure remuneration packages, in light of the new disguised remuneration rules
The annual subscription limit for an Individual Savings Accounts (ISA) will increase to £11,280 – up to half of which can be saved in a cash ISA – from April 2012, HM Treasury announced.
HMRC issued a further reminder that taxpayers filing a paper tax return after 31 October face a £100 penalty.
Tax campaigners have called for the ‘immediate cancellation’ of the UK government’s tax agreement with Switzerland. The Tax Justice Network published details of ten ‘escape routes’ in the agreement, which is designed to tackle evasion by British residents using secret Swiss bank acccounts.