The government is consulting on proposed changes to limit ‘unintended tax relief’ for employer ‘asset-backed’ contributions to defined benefit registered pension schemes.
HMRC have reminded taxpayers who wish to make a disclosure under the Plumbers Tax Safe Plan that they must notify HMRC by 31 May.
The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2011/1295, specifies the following securities for the purpose of the exemption provided by TCGA 1992 s 115 and Sch 9 para 1:
Recent changes to the EIS and VCT rules make it more difficult for many overseas companies to qualify. Robert Langston sets out potential solutions
Tuczka is one of two recent cases, the other being Genovese v HMRC [2009] STC (SCD) 373, in which the taxpayer accepted that he was resident in the UK for the relevant period so that the only issue was whether he was also ordinarily resident in the UK in that period.
Conor Brindley considers the circumstances under which an employment income tax charge can arise on a share-for-share exchange
Mark Bevington considers the Budget announcement of a future change to tax rules to limit the deduction for asset-backed pension contributions