The government has performed a U-turn on its trusts plans.
The Treasury has tabled a series of amendments to the Finance Bill, which is
in committee stage. The effect was desribed as returning the tax treatment of
trusts for children or spouses to a position similar that before the Budget.
Stephen Pallister, a member of the Law Society’s wills and trust committee,
was quoted saying: ‘Millions of people would have had to take expensive tax
advice or rewrite their wills. This amounts to a massive climbdown.’
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
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