HMRC has published a brief guide to calculating the tapered pensions annual allowance applying from 2016/17 onwards to individuals with ‘adjusted income’ (inclusive of pension contributions) of over £150,000.
The European parliament’s inquiry committee investigating the ‘Panama papers’ started work on 27 September.
Switzerland has ratified the multilateral convention on mutual administrative assistance in tax matters, which will enter into force for Switzerland on 1 January 2017.
A new OECD report looking at tax reforms across OECD countries in 2015 found governments giving priority to boosting growth, in contrast to the fiscal consolidation seen over recent years.
A report by the OECD introduces a new indicator, the ‘carbon pricing gap’, to quantify the shortfall between current carbon pricing policies and estimates of real climate costs. The current gap is around 80% across 41 countries surveyed.
Raids on properties carried out as part of HMRC’s criminal investigations increased by 28% in 2015/16. HMRC was granted warrants to search 761 properties in pursuit evidence to secure prosecutions for tax evasion.
HMRC guidance includes:
Applying EU law principles to individuals working in Switzerland
Can car spare parts be second-hand goods?
VAT on waste collection services by local authorities