David Kilshaw and Vanessa Patterson provide an update on Entrepreneurs’ Relief following the extension of the lifetime limit to £5m
Karen Clark on pensions tax relief
Patrick Cannon on IHT avoidance
Leonie Kerswill on furnished holiday lets
Richard Clarke and Jessica McLellan explain why any taxpayer with current cross-border activities should be aware of the new penalty regime for offshore funds
Speakers offer authoritative updates on PTCs and FLPs, QROPS, and EBTs and EFRBS
The Child Trust Funds (Amendment No. 3) Regulations, SI 2010/1894, provide for the phasing out of government contributions.
Radical reforms to the PAYE system, saving employers an estimated £500 million, are among proposals set out in nine tax policy documents released ‘for discussion and consultation’ as Parliament rose for the summer recess.
Tax advisers expressed surprise that only 1,500 medical professionals made disclosures under HMRC’s Tax Health Plan (THP) by the 30 June deadline. HMRC told Tax Journal that there were over 2,000 ‘notifiers’ and the THP had yielded around £9 million.
HMRC’s performance in collecting debt has improved, with amounts due from taxpayers but not yet paid decreasing by £1.6 billion to £26.1 billion, the National Audit Office (NAO) said.