Home Tags HMRC

Tag: HMRC

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

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...

HMRC Takes Tax Disputes Online

Expats disagreeing with their UK tax assessments will soon be able to appeal decisions online instead of pursuing a face-to-face tribunal hearing. A new digital...

Facelift For Online QROPS Info From HMRC

The British tax man has updated online information about Qualifying Recognised Overseas Pension Schemes (QROPS) for expats. The changes were flagged in the latest pensions...

1,800 People A Day Take Cash From Their Pensions

Nearly 1,800 people a day are accessing their retirement savings under new pension freedoms, according to the latest official figures. HM Revenue and Customs (HMRC)...

Tax Filing Deadlines Approaching For British Expats

British expats who still pay tax in the UK need to take note of the upcoming rolling deadlines for notifying and completing tax returns. October...

Paying Up Front Tax Changes Avoidance Economics

The economics of tax avoidance have changed after HM Revenue and Customs (HMRC) collected £3 billion by demanding advance payments from wealthy individuals and...

Expats Guide To The Worldwide Disclosure Facility

If you are an expat and want to pay the right amount of tax to HM Revenue and Customs (HMRC) back in Britain, then...

QROPS List – September 1, 2016

HM Revenue and Customs (HMRC) reports little change in the Qualifying Recognised Overseas Pension Scheme (QROPS) market for the two weeks ending September 1. The...

Last Chance For Offshore Tax Dodgers To Come Clean

HM Revenue and Customs (HMRC) is giving offshore tax evaders a last chance to put their financial affairs in order. From September 5, tax cheats...

QROPS List – August 15, 2016

HM Revenue and Customs (HMRC) has had a busy two weeks with more than 20 changes to the official list of Qualifying Recognised Overseas...