TaxAdministration‘Routine’ policies hit by trusts crackdown

'Routine' policies hit by trusts crackdown

Controversial trusts move could affect millions of people, it emerges, as ABI arranges crisis meeting

‘Routine’ life insurance policies could be hit by the chancellor’s crackdown
on trusts, it emerged at the weekend.

Many policies are written as trusts, The Sunday Times reported,
meaning millions of people could be caught by the move. The Treasury has
insisted the real figure is a fraction of that, only a small proportion of the
100,000 discretionary trusts it says are in existence.

The Association of British Insurers is to meet government officials this week
to discuss the impact of the crackdown, which has been widely criticised not
least for the lack of consultation on the move.

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter