Home Tags HMRC

Tag: HMRC

The list below is a collection of articles that refer to, mention or discuss HMRC or HM Revenue & Customs

QROPS List – August 15, 2017

Sweden has rejoined the list of financial centres offering QROPS pensions for expats after losing the status in April. The Nordea Pension Plan has relisted...

Landlord Jailed For Evading CGT On Buy To Let Sales

A buy to let landlord has been jailed for 27 months after failing to pay a tax bill of almost £158,000 when selling two...

Tax Avoidance Crackdown Raises £30 Billion

The UK tax man has raised almost an extra £30 billion in the past year from cracking down on avoidance. The boost came in a...

CGT Property Tax Penalties Clarified For Expats

Expats face extra penalties for not dealing with capital gains tax on selling homes in the UK. HM Revenue & Customs has updated online guidance...

QROPS Transfers Slow But Cash Values Hit New High

The number of QROPS offshore pension transfers for expats are slowing, but the average amount of money retirement savers switched overseas reached a new...

QROPS List – August 1, 2017

QROPS offshore pensions are still opening at the rate of one a day despite media reports suggesting the market is stalling. The latest list of...

QROPS Are Not Dead – Just Evolving

QROPS pensions are not dead and buried following recent tax and rule changes, they are just evolving and a lot of the hype about...

QROPS List – July 15, 2017

The QROPS market seems to have shrugged off recent compliance changes set in motion by the British tax man. The latest official list of offshore...

QROPS List – July 1, 2017

Australia’s charge to the top of the table for offering the most QROPS pensions to expats as another nine schemes have opened in the...

QROPS List – June 22, 2017

HM Revenue & Customs has amended the June QROPS List for the fourth time in three weeks by removing a Guernsey QROPS offshore pension. Delisting...

QROPS List – June 15, 2017

After a flurry of compliance and tax changes in recent weeks, the QROPS market seems to have stabilised. After some uncertainty, 422 offshore pensions have...

HMRC Revises Latest QROPS List

Expats and their adviser can be forgiven wondering how they can keep up with the rules about transferring their pensions to offshore QROPS as...

QROPS List – June 6, 2017

HM Revenue & Customs has published the June QROPS update at last – two days later than promised. Although retirement savers and QROPS professionals feared...

QROPS In Limbo As HMRC Suspends List Again

HMRC has confirmed that the QROPS List is suspended until June 5. The list was last suspended in April due to offshore pension rule changes...

Number Of Top Rate Taxpayers Jumps By A Third

The number of top rate income taxpayers has jumped by a third in five years to record levels, according to new official statistics. HM Revenue...

Time Running Out For Tax Avoiders As Data Deadline Approaches

Time is up for wealthy people with undeclared cash and investments hidden in offshore accounts to avoid tax. The first reporting date for financial institutions...

QROPS Break EU Rules, Says Ex-HMRC Lawyer

A former HMRC lawyer claims QROPS offshore pensions for expats may break EU laws – and have done so for nearly a decade. Robert Waterson,...

QROPS Pension Transfers In Limbo Again

The British tax man has thrown another spanner in the works for expats planning to switch their retirement savings to a Qualifying Recognised Overseas...

Mums Missing Out On State Pension Millions

Mums failing to claim child benefit tax credits will miss out on the full state pension, according to a former minister. Steve Webb, who was...

Whoops! HMRC Does It Again Over QROPS Rules

The British tax man is upholding a long history of failing to support retirement savers by failing to tell them how to avoid a...