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Contact Us Tax News - May 2013
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
Making the most of Discounted Gift Trusts
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Although the government’s proposals for a General Anti-Abuse Rule (GAAR) were extended to include inheritance tax (IHT), there are still opportunities available for individuals to minimise their liabilities. |
Tax campaign targets sales of second homes
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Tax investigators are to target people who have sold properties that are not their main homes and have not informed HM Revenue and Customs (HMRC) about any profit made. |
‘Too good to be true’ pension release claims targeted
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HM Revenue & Customs (HMRC) has issued a new warning on the risks involved in the early accessing or unlocking of a pension. |
RTI triggers national insurance number guidance
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Following the introduction of Real Time Information (RTI) reporting for PAYE, employers have been given new guidance on verifying or obtaining national insurance numbers. |
Late filing penalties start adding up
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More penalties are on the way in May for taxpayers who have failed to submit their 2011-12 tax return online. |
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