Changes to the taxing of pensions were likely to damage the UK’s reputation
in its fight for business talent, a UK parliamentary committee has warned.
The House of Lords committee on Economic Affairs said government officials
had been over optimistic in their assessment of pension tax changes, reports the
‘As was put to us by our private sector witnesses, the people affected are
likely to be the opinion formers in the business world and an adverse impact on
them, particularly when coupled with the change in the highest rate of income
tax, may well produce upward pressure on the cost of employing highly paid
talent,’ stated the committee’s report.
Higher rate tax relief on pensions contributionsd for those with incomes of
£150,000 is set to be removed, leaving the basic rate.
"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
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said