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

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...

Tax Cheat Crackdown Raises £5 Billion For Treasury

High profile tax fraud prosecutions helped reduce the tax gap by £5 billion last year. Film producers, accountants, financial advisors and investment bankers were jailed...

Runaway Tax Fraudster Starts Six Years In Jail

A runaway fraudster who scammed more than £1 million by posing as a bogus tax agent has been brought to justice and returned to...

How The Tapered Allowance Impacts Pensions

Wealthy retirement savers should be aware of the tapered annual allowance that caps the cash they can put into a pension each year. Breaking the...

Is HMRC Helping The Rich Avoid Paying Tax?

HM Revenue and Customs (HMRC) helplines are obviously anything but – unless you are a wealthy taxpayer. Anyone who has had to call HMRC for...

Beating The Lifetime Pension Savings Cap With A QROPS

If you are an expat worried about breaking the £1 million lifetime saving cap on your pension, then now is the time to think...

Slump In Gilts Triggers Cut In Pension Payments

Pension payments are due to fall for retirement savers in capped drawdown. HM Revenue and Customs (HMRC) has changed the underlying figures for calculating how...

QROPS List – January 15, 2017

Offshore watchers have little to report with the release of the latest HM Revenue and Customs (HMRC) QROPS List. The number of Qualifying Recognised Overseas...

HMRC Refuses ‘In Specie’ Pension Tax Relief

Millions of pounds of tax relief claimed by retirement savers is at risk due to an official change of heart over topping up non-cash...

Canada QROPS Provider Reveals ‘Secret’ HMRC Inquiry

Canadian Qualifying Recognised Overseas Pension Scheme (QROPS) provider Mackenzie has broken the silence about the delisting of dozens of expat pensions in the country. The...

HMRC Targets Expats For Failing To Reveal Foreign Income

If you are living overseas but are still ta resident in the UK, expect a letter is in the post from your tax adviser...