View more on these topics

CPD: Personal tax

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes that took place during July 2014. Visit the Money Marketing CPD Centre to answer 10 multiple choice questions and complete this CPD activity. Just click into your CPD Plan and you’ll find each month’s marketplace changes round-up in your activity list.

August CPD Newsbrief — Personal tax

Personal tax

HMRC to review VCT and EIS taxation

Michael Glenister

HMRC is to review the effectiveness of its venture capital scheme tax status, including enterprise investment schemes (EISs) and venture capital trusts (VCTs). The review will commence later this year and run until the end of January 2015.

The tax authority plans to investigate the use of venture capital tax schemes by investors and investee companies. It says it will focus on “the effects of the recent expansion of the schemes in 2012”.

Venture capital schemes are designed to encourage investment in smaller companies. It includes EISs, VCTs, seed enterprise investment schemes, share loss relief and corporate venturing schemes.

In 2012, the government widened the venture capital scheme programme. It included widening thresholds for qualifying companies in VCTs and increasing EIS income tax relief to 30%. HMRC is currently seeking a third-party to carry out the research. It was unable to comment further at the time of writing.

August Newsbrief

The latest edition of Newsbrief counts as 1 hour of structured CPD and covers the regulatory and marketplace changes that took place during July 2014. Visit the Money Marketing CPD Centre to answer 10 multiple choice questions and complete this CPD activity.

Just click into your CPD Plan and you’ll find each month’s marketplace changes round-up in your activity list.

Not yet registered? Join for free today at www.ifacpd.com and access more than 35 hours of independent, accredited CPD learning content. 

Learning objectives (full list of ApEx standards covered below)

Recommended

HSBC-700x450.jpg
8

HSBC to fight £151m Keydata lawsuit

HSBC has vowed to fight a $250m (£151m) US lawsuit that alleges the bank aided fraud through its role in the collapse of Keydata. The Financial Times reports HSBC’s US subsidiary is accused of failing to spot a series of red flags in the run-up to the liquidation of SLS Capital, a Luxembourg-domiciled vehicle that […]

Michael-Glenister-MM-Peach-700.jpg
1

Five reasons why simplified advice could be set to fail

Few distribution businesses are impervious to the ever-growing influence of the internet. Car dealerships, supermarkets, and all manner of other distributors have seen margins squeezed by the growth of the online distribution channel. But will traditional financial advice be subject to the same squeeze from web-based simplified financial advice?  Here we set out five reasons […]

Phil-Billingham-MM-Peach-700x450.png
1

How to get more of the right clients – and more income

“If you have never turned away a potential client, you don’t have a client proposition.” An easy, glib thing to say. And there has been a period since the beginning of 2013 when we have tried not to have the “proposition” conversations, which, pre-RDR, caused a certain amount of overkill for some. But slowly the […]

Rookes-Caroline-MAS-2013-500x320.jpg
4

MAS considers extending retirement directory to all advisers

The Money Advice Service has confirmed plans to go ahead with an adviser directory but will now consider whether it should include all advisers and not just retirement specialists. In its consultation on the plan, published in June, the MAS said to be included in the directory firms will have to show they specialise in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment