Advisers will be forgiven for being rather confused by the latest to-ing and fro-ing from the Government over multiple trusts.
Proposed changes by HMRC to the tax disclosure regime are a cause for concern.
With the general election now weeks away, Money Marketing looks at the key election pledges impacting advisers and their clients.
Politicians across the UK’s three largest parties are using tax avoidance figures to make their sums add up, the IFS says.
Higher earners lose out more under Tories than Lib Dems.
Pension tax relief is set to take another hammering from reform-hungry politicians.
Opposition has promised to reduce tax avoidance by £7.5bn per year by the middle of the next parliament.
Conservatives would limit tax-free pensions savings for those earning more than £150,000 to fund a new £1m threshold on inheritance tax.
Ruling could allow investors to reclaim overpaid tax on investment bond withdrawals.
Surviving spouses can inherit Isas tax free.
The Tories are set to respond to Labour pledges of an end to non-dom status by blocking individuals from inheriting the status.
Labour plans to end tax loopholes allowing individuals to claim non-domiciled status have drawn fire from economics experts and the business community.
Think-tank says workplace Isas should replace private and occupational pensions.
Ed Miliband will unveil the move as part of a manifesto pledge later today.
One in ten think pension withdrawals are tax free
One in eight risk falling into a “tax trance” in April.
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.
New government measures to tackle tax evasion will include a harsh new fines regime and a strict liability offence for tax evasion.
Lifetime allowance cut to bring in nearly £2bn over five years
Experts raise concerns over HMRC’s IT infrastructure.
Tax dodgers may be driven to disclose their errors “sooner rather than later” by Budget plans to increase penalties.
Osborne says “radically new” Isa is one of four steps to “create a savings culture”.
Chancellor George Osborne has confirmed plans to tighten the net on tax evasion and aggressive tax avoidance, raising £3.1bn for the Treasury.
Osborne says review will explore the use of deeds of variation.
George Osborne to announce cut to higher earners’ tax relief in Budget.
HSBC is closing down all Jersey accounts for UK-based customers as part of a “remediation exercise” as it seeks to prevent misuse.
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.
HMRC has revealed details of new rules for transfers of Isas between spouses, including allowing recipients to change managers on savings.
True Potential has launched a pension and savings dashboard to help advisers plan and manage client assets.
Govt also planing 25 per cent ‘diverted profits tax’ to catch low tax paying firms.
Members of the Treasury Committee are unable to agree on whether HSBC senior management can be held to account over alleged tax evasion.
HSBC chief executive Stuart Gulliver is to face MPs for a second time over allegations bank staff aided tax evasion between 2005 and 2007.
A growing political consensus could result in aggressive new tax legislation regardless of the winner of this year’s election.
UK tax authorities have reached agreement over sharing data on HSBC-aided tax evasion.
HSBC’s chairman and chief executive have blamed Swiss-based relationship managers for aiding alleged tax-evasion in the mid 2000s.
Labour will include allowances in a 50 per cent one-off tax on banker bonuses designed to fund a compulsory jobs guarantee.
Party is planning a new criminal offence of corporate failure to prevent tax evasion.
Nominees and successors will be able to use untouched pension savings to buy an annuity.
Married couples can now register with HMRC to take advantage of a new tax break.