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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)


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.

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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.


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


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)


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)


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)


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.

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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)


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)


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)


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)


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)


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.


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)


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.

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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.

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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)


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.


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)


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)


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)


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)


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)

UBS Bern 480

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.


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.

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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)


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.


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)


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.


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)


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)


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)


Case study: Making the most of surplus capital

15 January 2015

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


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)


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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