Consultations: Jun-Jul 2016

A roundup of current consultations from HMRC, PRA and the Treasury, including employee share schemes NIC elections, underwriting standards for buy-to-let mortgage contracts, draft rules on corporate offence of failure to prevent criminal facilitation and OECD multilateral instrument for bilateral tax treaties

Creating a secondary annuities market: tax framework

Issue date: 20 April 2016

Closing date: 15 June 2016

An eight-week consultation on the proposed tax framework for a secondary market for pension annuities, outlining tax liability, future impact on possible joint annuities and the ensuing purchased life annuity trading, relevant to pension holders looking to cash in their pension pots and pension providers.