Standard Life has written to HM Revenue & Customs asking whether it
intends to proceed with pension tax breaks that will allow private companies to
invest capital in their companies.
The rules mean that Sipp investors will be able to hold unquoted shares in
their pension funds. Small businesses could get an injection of capital from
their own pension fund as a result by issuing shares to their Sipps, the FT
reported at the weekend.
There is anxiety in the pensions industry about the new tax breaks after the
government dropped the residential property rules for Sipps in the pre-Budget
report. Providers do not want to invest money selling products that will be
ruled out by other sudden changes.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states