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SJP profits down as FSCS levy hits distribution arm

29 July 2014 8:47 am | By Tom Selby

St James’s Place has reported an 8.5 per cent drop in pre-tax profits, from £90.1m in the first half of 2013 to £82.4m this year.

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HMRC owed £15bn in tax, overpaid credits and fines

15 July 2014 8:22 am | By Steve Tolley

Public Accounts committee calls for immediate action from Treasury to claw back money owed to Government.

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Former TSC chair Lord McFall calls for tax simplification to tackle avoidance

9 July 2014 4:28 pm

Labour peer Lord McFall says simpler tax code and some form of scheme approval would reduce avoidance.

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HMRC wants access to bank statements

9 July 2014 8:47 am | By Steve Tolley, Tessa Norman

Revenue wants banks to hand over statements as part of plans to recoup tax owed directly from bank accounts.

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TSC member calls on HMRC to expose 'dodgy' tax advisers

8 July 2014 2:14 pm | By Steve Tolley

Conservative MP Jesse Norman says table would clarify which advisers are “dodgy” and which are not.

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HMRC apologises over £1.9bn tax mistake

8 July 2014 12:50 pm | By Steve Tolley

HMRC chief executive Lin Homer says error wasn’t spotted earlier because it was in the past.

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MPs to grill HMRC boss over £1.9bn mistake

4 July 2014 10:10 am | By Steve Tolley

HMRC will face two Parliamentary committees over errors that led to it overstating its success in recouping owed tax.

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Govt warned over 'nightmare' NIC and income tax merger

3 July 2014 1:00 pm | By Steve Tolley

Tax experts say merger would be difficult to deliver.

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Osborne resurrects plans to merge income tax and national insurance

30 June 2014 8:33 am | By Natalie Holt

Plan is actively being considered by Downing Street, according to The Times.

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Govt under pressure to tackle tax avoidance promoters

26 June 2014 8:00 am | By Steve Tolley

Public Accounts committee says HMRC and Treasury are unable to cope with increasingly complex tax rules.

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Tax take from savers greater than 'sin taxes'

24 June 2014 8:41 am | By Devraj Ray

Stamp duty and inheritance tax revenues will be greater than alcohol and tobacco duties by the end of the 2015/16 financial year.

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Lawyers attack 'unfair' plans on tax avoidance rulings

18 June 2014 1:17 pm | By Steve Tolley

Law Society wants plans to bind users of tax avoidance schemes to judicial rulings to be dropped.

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High Court throws out stamp duty avoidance appeal

16 June 2014 10:08 am | By Steve Tolley

High Court backs retrospective closure of stamp duty loophole.

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HMRC to give IHT allowance flexibility in trusts

12 June 2014 | By Natalie Holt, Steve Tolley

HMRC proposes giving people discretion over how they split £325,000 tax allowance between multiple trusts.

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HMRC to allow IHT allowance flexibility in trusts

9 June 2014 8:36 am | By Natalie Holt, Steve Tolley

Proposed reforms to IHT rules would mean a couple can only set aside £650,000 tax-free through the use of trusts.

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Tories set to offer income tax freedom to Scotland

2 June 2014 9:19 am | By Steve Tolley

Party report to propose freedom to set bands and rates in bid to convince Scotland to stay in UK.

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Govt crackdown raises record £23.9bn in extra tax

27 May 2014 8:26 am | By Natalie Holt

Figure is almost £1bn higher than the target set by Chancellor George Osborne in the Autumn Statement.

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MPs sound alarm over HMRC tax recovery powers

9 May 2014 8:30 am | By Steve Tolley

The Treasury select committee says HMRC power to retreive debts from bank accounts must have independent oversight.

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HMRC wants beefed-up tax avoidance powers to take money from Isas

6 May 2014 5:40 pm | By Steve Tolley

Revenue says taking money directly from bank accounts and Isas is “less invasive” than going through courts.

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Chancellor urged to scrap 55% death benefit pension tax

1 May 2014 3:00 pm | By Tom Selby

MoretoSipps principal John Moret says the current tax system is “a total nonsense” and needs to be reformed

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Osborne expects death charge on pension funds to be cut

3 April 2014 10:35 am | By Samuel Dale

Chancellor George Osborne says the 55 per cent rate could be too high for the new pensions regime.

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Tories pledge to raise IHT threshold in next manifesto

24 March 2014 11:10 am | By Samuel Dale

Prime Minister David Cameron spoke to the Saga Group today to promote last week’s pension reforms.

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HMRC to seize £7bn in tax avoidance crackdown

20 March 2014 | By Tessa Norman

Government extends HMRC’s powers to issue payment notices relating to tax avoidance schemes. 

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HMRC to seize hundreds of millions in new tax avoidance crackdown

28 February 2014 8:30 am | By Tessa Norman

Proposals could affect 65,000 individuals. 

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Skandia calls for tax relief extension on workplace advice

13 February 2014 12:50 pm | By Michael Glenister

Company’s submission ahead of the Budget argues for income tax exemption to double to £300 a year.

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Suffolk Life launches Sipp 'bypass trust'

30 January 2014 | By Tom Selby

Suffolk Life says trust will help advisers and investors with inheritance tax planning.

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Business lobby attacks Labour plans to bring back 50% tax rate

27 January 2014 8:47 am | By Devraj Ray

Shadow Chancellor Ed Balls this weekend defended his plan to reintroduce the 50 per cent income tax band.

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Suffolk Life launches Sipp 'bypass trust'

24 January 2014 11:06 am | By Tom Selby

Suffolk Life says trust will help advisers and investors with inheritance tax planning.

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Trade body launches code of ethics for will writers

14 January 2014 9:51 am | By Samuel Dale

The Government has rejected calls to regulae will writing despite concerns over damage caused.

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Skandia launches discretionary trust on UK platform

9 January 2014 | By Tessa Norman

Trust already available through Skandia’s international business. 

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Skandia launches discretionary trust on UK platform

7 January 2014 10:06 am | By Tessa Norman

Trust already available through Skandia’s international business. 

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Govt confirms plans to close IHT multiple trusts loophole

12 December 2013 | By Samuel Dale

The Treasury says the change will be brought in alongside simplification of trusts.

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L&G suspends with-profits bonds following sales slump

12 December 2013 | By Gregor Watt

Low level of sales since the RDR have led to L&G closing its with-profits bond to new business.

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Skandia warns multiple trust clampdown will be retrospective

6 December 2013 11:25 am | By Samuel Dale

Skandia head of wealth planning Colin Jelley says trusts are still attracive for IHT planning despite changes.

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L&G suspends with profits bonds following sales slump

6 December 2013 8:50 am | By Gregor Watt

Low level of sales since the RDR have led to L&G closing its with profits bond to new business.

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AS2013: Govt confirms plans to close IHT multiple trusts loophole

5 December 2013 2:21 pm | By Samuel Dale

The Treasury says the change will be brought in alongside simplification of trusts.

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HMRC launches amnesty on pre-2008 Qrops transfers

28 November 2013 9:44 am | By Tom Selby

HMRC will not pursue investigations into transfers from a registered pension scheme to a scheme included on its Qrops list before 24 September 2008.

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Skandia warns on HMRC non-dom IHT rethink

28 November 2013 | By Natalie Holt, Samuel Dale

HMRC now requires greater tests on what should be considered as non-UK situated assets

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Skandia warns on HMRC non-dom IHT rethink

20 November 2013 4:07 pm | By Natalie Holt

HMRC now requires greater tests on what should be considered as non-UK situated assets.

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Tisa lobbies for spouses to inherit Isa allowances

15 November 2013 8:30 am | By Samuel Dale

Tax Incentivised Savings Association says it would be “fairer” if widows and widowers inherited thair partner’s tax relief.

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