An IT contractor who used a tax scheme promoted by Isle of Man based Montpelier has won an appeal over penalties, as First Tier Tribunal dismisses HMRC’s argument
The head of HMRC has told the Treasury Committee that it will take at least two years to upgrade IT systems to handle the new national insurance credit for people who did not claim child benefit
HMRC is reviewing more inheritance tax (IHT) accounts where it believes tax has been underpaid, warns Eugenia Campbell, private client tax director at RSM
A taxpayer must pay a historic tax bill of over £366,000 after losing a dispute with HMRC over investments in the 2003 Gilt Strips tax avoidance scheme promoted by PwC
The PM’s tax summary has brought into sharp focus the difference in how capital gains are taxed compared to income. Chris Etherington, partner at RSM, looks at why no political party seems to want to change it
In this week’s Q&A, Croner-i tax adviser David Lawson, explains the tax implications when a personal life insurance policy matures, particularly if beneficiary has spent time abroad
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