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Rachael Griffin, Old Mutual Wealth

Where are we on multiple trusts?

19 December 2014 1:45 pm

Advisers will be forgiven for being rather confused by the latest to-ing and fro-ing from the Government over multiple trusts.

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Standard Life: Govt tax avoidance clampdown will hit mainstream IHT trusts

14 August 2014 6:01 pm

Proposed changes by HMRC to the tax disclosure regime are a cause for concern.

Comments (1)

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MPs: HMRC 'fighting an uphill battle' on tax cheats

26 March 2015 9:00 am | By Mark Sands

UK authorities are being defeated by a combination of a lack of resources and an overly complex tax code in their battle against evasion, MPs say.

Comments (3)

Danny Alexander

Govt outlines 'comprehensive' new tax evasion regime

19 March 2015 1:33 pm | By Mark Sands

New government measures to tackle tax evasion will include a harsh new fines regime and a strict liability offence for tax evasion.

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Budget 2015: Govt to bag £1bn from tradeable annuities

19 March 2015 10:53 am

Lifetime allowance cut to bring in nearly £2bn over five years

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Plans to abolish annual tax return 'overly ambitious'

19 March 2015 10:30 am | By Tessa Norman

Experts raise concerns over HMRC’s IT infrastructure. 

Comments (4)

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Tax avoidance overhaul may prompt wave of confessions

19 March 2015 9:30 am | By Mark Sands

Tax dodgers may be driven to disclose their errors “sooner rather than later” by Budget plans to increase penalties.

Comments (3)

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Budget 2015: Isa withdrawals won't count toward annual tax-free limit

18 March 2015 1:50 pm | By Natalie Holt

Osborne says “radically new” Isa is one of four steps to “create a savings culture”.

Comments (2)

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Budget 2015: Osborne lays out plans for £3.1bn evasion clampdown

18 March 2015 1:46 pm | By Mark Sands

Chancellor George Osborne has confirmed plans to tighten the net on tax evasion and aggressive tax avoidance, raising £3.1bn for the Treasury.

Comments (2)

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Budget 2015: Govt to carry out review into IHT avoidance

18 March 2015 1:14 pm | By Natalie Holt

Osborne says review will explore the use of deeds of variation.

Comments (2)

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Govt to cut pensions lifetime allowance to £1m

17 March 2015 12:29 pm | By Sam Brodbeck

George Osborne to announce cut to higher earners’ tax relief in Budget.

Comments (41)

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HSBC shutting Jersey accounts for UK-based customers

17 March 2015 9:11 am | By Mark Sands

HSBC is closing down all Jersey accounts for UK-based customers as part of a “remediation exercise” as it seeks to prevent misuse.

Comments (1)

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Tories eye property IHT overhaul

17 March 2015 8:41 am | By Tom Selby

Chancellor George Osborne is considering reforms that would allow parents to pass a main property worth up to £1m to their children without paying inheritance tax.

Comments (11)

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HMRC unveils inherited Isa rules

13 March 2015 10:33 am | By Mark Sands

HMRC has revealed details of new rules for transfers of Isas between spouses, including allowing recipients to change managers on savings.

Comments (1)

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True Potential launches savings dashboard for pension freedoms

11 March 2015 9:01 am | By Sam Brodbeck

True Potential has launched a pension and savings dashboard to help advisers plan and manage client assets.

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Income tax threshold to rise 'towards £11k' in final Coalition Budget

9 March 2015 8:58 am | By Sam Brodbeck

Govt also planing 25 per cent ‘diverted profits tax’ to catch low tax paying firms.

Comments (5)

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TSC members clash over HSBC 'witch-hunt'

5 March 2015 3:18 pm | By Mark Sands

Members of the Treasury Committee are unable to agree on whether HSBC senior management can be held to account over alleged tax evasion.

Comments (4)

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HSBC chief Stuart Gulliver facing second MP grilling

3 March 2015 1:26 pm | By Mark Sands

HSBC chief executive Stuart Gulliver is to face MPs for a second time over allegations bank staff aided tax evasion between 2005 and 2007.

Comments (1)

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Crackdown: Politicians set their sights on tax avoidance

27 February 2015 8:30 am | By Mark Sands

A growing political consensus could result in aggressive new tax legislation regardless of the winner of this year’s election.

Comments (6)

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HMRC reaches deal to share Falciani tax dodging data

26 February 2015 11:17 am | By Mark Sands

UK tax authorities have reached agreement over sharing data on HSBC-aided tax evasion.

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HSBC bosses blame Swiss managers for tax avoidance failures

26 February 2015 10:00 am | By Mark Sands

HSBC’s chairman and chief executive have blamed Swiss-based relationship managers for aiding alleged tax-evasion in the mid 2000s.

Comments (3)

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Labour to roll allowances into 50% banker bonus tax

25 February 2015 11:19 am | By Mark Sands

Labour will include allowances in a 50 per cent one-off tax on banker bonuses designed to fund a compulsory jobs guarantee.

Comments (9)

Danny Alexander

Lib Dems eye harsh penalties for aiding tax evasion

23 February 2015 12:03 pm | By Mark Sands

Party is planning a new criminal offence of corporate failure to prevent tax evasion.

Comments (1)

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Govt confirms extension of annuity death benefit changes

20 February 2015 2:51 pm | By Sam Brodbeck

Nominees and successors will be able to use untouched pension savings to buy an annuity.

Comments (1)

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Govt opens married tax break registrations

20 February 2015 10:10 am | By Mark Sands

Married couples can now register with HMRC to take advantage of a new tax break.

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HMRC yet to contact police over HSBC tax evasion

18 February 2015 8:17 am | By Mark Sands

Revenue promised to meet “relevant authorities” over HSBC last week.

Comments (2)

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EU to investigate tax policy of member states

13 February 2015 10:50 am | By Mark Sands

The EU is to investigate whether members are harming the public purse by altering tax policy to lure international business.

Comments (1)

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UBS in new tax evasion probe

11 February 2015 8:45 am | By Natalie Holt

Swiss bank is being investigated in the US over whether it sold Americans banned investments.

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Ed Miliband demands tax haven transparency

9 February 2015 9:31 am | By Sam Brodbeck

A Labour government would blacklist opaque territories and crown dependencies, says Miliband.

Comments (1)

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HSBC 'helped wealthy clients dodge millions in tax'

9 February 2015 8:45 am | By Sam Brodbeck

Bank advised clients on tax evasion using Swiss bank accounts.

Comments (10)

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Savers face tax hit as income tax and pension changes bite

6 February 2015 1:00 pm | By Sam Brodbeck

Low earnings could be stung with extra tax charge after pension withdrawal.

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Standard Life moves into advice with Pearson Jones deal

6 February 2015 12:09 pm | By Sam Brodbeck

Provider launches advice business through acquisition of Skipton-owned Pearson Jones.

Comments (14)

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Danby Bloch: A new tax snag for pensions

5 February 2015

A strange anomaly means non-taxpayers looking to take advantage of pension freedoms could be in for a shock.

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Aviva: Advisers underestimating clients' life expectancy

26 January 2015 10:18 am | By Sam Brodbeck

Nationally-agreed life expectancy figures should be included in Pension Wise, says Aviva.

Comments (3)

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Pension freedoms add 'layer of complexity' to divorce cases

22 January 2015 9:30 am | By Sam Brodbeck

Lawyers say new cash option makes divorce proceedings unpredictable.

Comments (8)

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Survey reveals £200m rise in individuals' overpaid tax

19 January 2015 11:33 am | By Sam Brodbeck

Poor planning will lead to £4.9bn in overpaid taxes in 2015.

Comments (2)

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Case study: Making the most of surplus capital

15 January 2015

How to maximise your business’ profit for your personal future.

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Adviser firm launches mass market online service

22 December 2014 11:27 am | By Sam Brodbeck

Simplified online reports aim to fill gap left by banks and RDR.

Comments (6)

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HMRC recoups £29m in tax avoidance crackdown

15 December 2014 11:36 am | By Devraj Ray

Finance Bill 2014 gives HMRC powers to demand disputed tax repayments within 90 days from tax avoidance scheme users.

Comments (2)

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