UK resident policyholders sometimes invest in overseas insurance bonds to defer tax liabilities of the insurance policy. The use of these policies is increasingly scrutinised by HMRC, writes Andrew Park (BDO).
HMRC has carried out some spring cleaning on its GAAR guidance. This and other recent developments affecting the City are reviewed by Mark Middleditch (Allen & Overy).
What does the general election mean for the Finance Bill process?
The case of Terrace Hill (Berkeley) Ltd provides a further insight into the distinction between trading and investment.
The scope of HMRC’s duty of confidentiality
Allegations of dishonesty and conduct of cases
Tax avoidance scheme involving loan arrangement
Tax avoidance scheme worked
OUR PICK OF THIS WEEK'S CASES
Setting off losses on a trade succession
HMRC is to run a trial version of its agent online self-serve (AOSS) tool during April 2015. Agent volunteers are invited to sign up for the AOSS trial by 20 March 2015 via an online questionnaire.