AN IMPORTANT INTEREST RATE RISE In August the Bank of England raised its main interest rate by 0.25%, taking base rate to its highest level since March 2009. As the Bank’s own graph below shows, there is a long way to go until we return to the rates of ten years ago. To quote the […]
The links contained within this bulletin will mean you will be departing from the regulatory site of Opus Gold. Opus Gold is not responsible for the accuracy of the information contained within the linked site General Anti-Abuse Rules (GAAR) UPDATE HMRC has issued updated guidance on the General Anti-Abuse Rules (GAAR). Updated guidance on the […]
The links contained within this bulletin will mean you will be departing from the regulatory site of Opus Gold. Opus Gold is not responsible for the accuracy of the information contained within the linked site Office for Tax Simplification (OTS) Inheritance Tax (IHT) Review The OTS has issued its formal IHT review call for evidence. […]
The links contained within this bulletin will mean you will be departing from the regulatory site of Opus Gold. Opus Gold is not responsible for the accuracy of the information contained within the linked site TRAIL COMMISSION, LOYALTY BONUSES AND INCOME TAX HMRC has lost an important test case in the First Tier Tax Tribunal […]
The links contained within this bulletin will mean you will be departing from the regulatory site of Opus Gold. Opus Gold is not responsible for the accuracy of the information contained within the linked site FINANCE ACT 2018 The Finance Act 2018 has received Royal Assent. Two days after the Chancellor delivered his Spring Statement […]
The links contained within this bulletin will mean you will be departing from the regulatory site of Opus Gold. Opus Gold is not responsible for the accuracy of the information contained within the linked site LIFE COMPANIES, CAPITAL GAINS AND INDEXATION RELIEF The Treasury is now accepting that individuals will be affected by the reform […]
DOTAS The Government intend to introduce new regulations on how DOTAS applies to Inheritance Tax Avoidance Schemes. The Disclosure of Tax Avoidance Schemes (DOTAS) Regulations are an important weapon available to HMRC in its fight against tax avoidance schemes. In essence, if a scheme satisfies certain conditions, any person involved in the promotion of the […]
IHT ARISING ON PENSION TRANSFERS BY PEOPLE IN SERIOUS ILL HEALTH Where a person in serious ill health makes a transfer of a pension plan this can, in certain cases, lead to a chargeable lifetime transfer for IHT purposes. However, for those aged 55 or over, special rules apply to quantify the size of the […]
TAX INCOME POINTS TO THE CHANCELLOR BEATING HIS REVISED BUDGET DEFICIT TARGET The latest public finances data from the Office for National Statistics show the Chancellor to be comfortably on course to meet the upwardly revised 2016/17 deficit figure announced alongside the Autumn Statement. The Office for National Statistics (ONS) has just published the latest […]
PUBLIC ACCOUNTS COMMITTEE LOOKS AT COLLECTING TAX FROM HIGH NET WORTH INDIVIDUALS The Public Accounts Committee (PAC) has had its turn at criticising the HMRC approach to high net worth individuals (HINWIs). Late last year the National Audit Office (NAO) published a report on HMRC’s approach to the tax affairs of high net worth individuals […]
