More than 46,000 phishing emails have been reported by customers since the first tax credits renewals forms were sent out to claimants in April, HMRC said.
HMRC’s consultation document ‘A new incentive for charitable legacies’ has been amended to correct an error in example 7 on page 20.
New research suggests that the UK has one of the highest tax burdens for both low and high earners of ‘any major economy’, according to UHY Hacker Young.
HMRC are seeking views on a proposal to apply a reduced rate of inheritance tax to estates that include charitable legacies of at least 10% of the value of the net estate.
For deaths on or after 6 April 2012, such estates will pay IHT at 36% instead of the main rate of 40%.
Robert Langston provides an outline of the rules in TCGA 1992 s 13 which can attribute the gains of overseas companies to UK shareholders
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.