Posts Tagged ‘tax planning’

Record IHT tax take breaks £5bn barrier for the first time

Wednesday, June 21st, 2017

A record-breaking £5.1bn has been collected by HMRC through Inheritance Tax (IHT) receipts in the last year (more…)

Threat of Divorce Among Their Children Putting Parents Off Inheritance Tax Planning

Tuesday, January 3rd, 2017

With divorce rates reaching peak season in January, a new study by Investec Wealth & Investment reveals that one in three (30%) parents are unwilling to provide financial help (more…)

Large businesses to be forced to publish details of their tax strategy and appetite for tax planning

Friday, July 24th, 2015

• More personal liabilities for directors

• 'Special measures' proposed for large businesses which persistently undertake aggressive tax planning (more…)

Tax loopholes narrowed – but is this the final word?

Tuesday, July 22nd, 2014

Towers Watson says that cutting the annual allowance for pension contributions from £40,000 to £10,000 for people who have accessed their pensions flexibly appears to leave some scope for people to wash salary through pensions (more…)

Third party advice ‘crucial’ as ‘tax scheme hit list’ published by HMRC

Wednesday, July 16th, 2014

The ‘tax scheme hit list’ published yesterday by HMRC has reinforced the need for individuals involved in tax planning schemes to seek independent advice and not make decisions based on information from HMRC or scheme promoters (more…)

HMRC Proposals on Tax Planning Could Drive More Promoters Offshore

Saturday, February 1st, 2014

Backlash against tax avoidance might force measures of questionable legality through

Rules could allow HMRC to keep disputed tax for as long as a decade (more…)

Tax Planning Schemes Fall by a Third After HMRC Crackdown

Monday, November 25th, 2013

Number of schemes at lowest point since Disclosure of Tax Avoidance Schemes launched in 2004

The number of tax planning schemes disclosed to HM Revenue & Customs has fallen by a third in the year (more…)

The negative reputational impact of tax planning

Monday, September 3rd, 2012

Large corporations are now worried that any public exposure of their tax planning strategies and directors’ pay could prove to be detrimental to their company reputation. (more…)

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