HMRC

Industry | 6 Jan 15

Pension experts have reacted favourably to HM Revenue & Customs draft legislation proposing full flexibility for QROPS, describing the news as the biggest change to the schemes since they came into play.

Industry | 23 Dec 14

HM Revenue & Customs last week issued draft legislation to allow QROPS schemes the same flexibility in drawing pension benefits as will apply to UK pensions from 6 April.

Tax & Regulation | 15 Dec 14

Almost all of the £29m in disputed tax due from the first group to receive accelerated payment notices has been recovered by HMRC.

Tax & Technical | 9 Dec 14

The number of calls to HMRC’s tax evasion hotline has increased by almost a quarter over the past year, however, very few calls are exposing large scale tax evasion.

Tax & Regulation | 3 Dec 14

The UK government has today announced a “U-turn” on plans to introduce a single settlement nil rate band on trusts.