‘Britons with billions of pounds hidden in Switzerland will pay tax at 50% under a groundbreaking deal that will legitimise their undeclared assets, according to a source familiar with negotiations between the Swiss and British governments.
The CIOT’s Low Incomes Tax Reform Group has invited feedback on a new website providing advisers with information on ‘HMRC products', including tax credits and child benefit.
Gift of shares to director
Helen Lethaby reviews the last month's developments in tax, including key measures in the Finance Bill, the new approach to tackling tax avoidance, and recent case law
HMRC have requested comments by 12 May on draft secondary legislation to extend collection of tax arrears via PAYE codes to all tax debts with effect from April 2012.
HMRC’s Pension Schemes Newsletter Number 46 includes articles on scheme sanction charge assessments; changes to the penalties regime; the restriction of pensions tax relief; and ‘disguised remuneration’.
The Social Security (Reduced Rates of Class 1 Contributions, Rebates and Minimum Contributions) Order, SI 2011/1036, sets out revised rebate rates for national insurance contributions which will apply in respect of members o
The government is to close with effect from 6 April 2011 an ‘unintended tax loophole’ for UK residents transferring pension savings overseas, the Treasury announced.
HMRC guidance on trust management expenses has been ‘substantially rewritten’ in the light of the Court of Appeal decision in HMRC v Trustees of the Peter Clay Discretionary Trust [2009] STC 469.