Odey Asset Management partners face hefty tax bills after court ruling
Firm’s founder Crispin Odey is not among the 17 executives who were part of a partnership pay plan
Firm’s founder Crispin Odey is not among the 17 executives who were part of a partnership pay plan
Government weighs banning Isa money entering property funds
Taxman cracks down on family investment companies created to avoid IHT
The ‘alphabet soup’ of superclean share classes set to continue under court decision
Ruling leaves ‘a complex, nonsensical web of rules which risk layering on extra worry for beneficiaries’
Record 16,590 people paying penalty on 2016-17 pension contributions
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
HM Revenue & Customs must urgently set out a coherent plan and demonstrate it is fit for the future as it struggles to cope with its ever-growing workload and limited resources, the UK’s public accounts committee said.