Chancellor Gordon Brown is reported to have toned down measures to reform
trusts, which he announced in the Budget.
The Treasury said yesterday that the finance bill, which is published today,
will make it clear that relatives of people who die without making a will would
not be caught out by tax charges.
Trusts specialists have warned the new measures could affect millions of
people, although the Treasury has challenged this saying it will only hit the
Brown announced a change to the tax treatment of trusts in the Budget which
aligned the IHT treatment, applying new tax charges to maintenance and
The Treasury is reported in the Financial Times to have kept the
basic proposals intact.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay