HMRC
Retirement | 11 Dec 12
relief as treasury makes only minor changes
The global QROPS industry breathed a collective sigh of relief this morning as HM Treasury released a Draft Finance Bill that contained only a relatively minor increase in reporting requirements for administrators of overseas pension schemes.
Tax & Regulation | 5 Dec 12
gaar draft to be published this month as
Tax evasion and aggressive tax avoidance were once again targets of the UK Chancellor George Osborne when he gave his Autumn Statement this afternoon.
Profiles & Comment | 29 Nov 12
storms ahead for the qrops industry
As 2012 comes to a close, Montfort International managing director Geraint Davies voices his concern that there could be trouble ahead for the overseas pension scheme sector…
Tax & Regulation | 26 Nov 12
hmrc sends out tax avoidance warning letters
HM Revenue & Customs is sending letters directly to 1,500 people who it believes have signed up to one particular avoidance scheme.
Tax & Regulation | 21 Nov 12
hmrc struggles to deal with tax avoidance
HM Revenue & Customs is currently investigating 41,000 cases of tax avoidance in the UK with an estimated £10.2bn at stake, according to a detailed report conducted by the National Audit Office, which said “there is little evidence HMRC is making progress in preventing the sale of highly contrived tax avoidance schemes”.