FROM THE PAPERS
Synopsis: Short summaries of articles we think you will find useful from some of the weekends broadsheets. At the end of each summary is a link to take you directly to the relevant article. Please see Helpful Hints at the end of the bulletin.
Date posted: Monday, June 01, 2015
Financial Times:” Liberty tax scheme investors hopeful of appeal success”.
Investors in a disputed tax saving investment scheme could get off the hook for millions in unpaid tax, according to the scheme’s promoters who have mounted a legal challenge against the tax authority. Click here to go directly to the article
Financial Times:” Fraud protection a priority, says pensions regulator chief”. Stronger safeguards for workplace savers are high on the agenda for the new pensions watchdog as fears of scams rise following industry reforms last month.
Financial Times:” Queen’s Speech: What it means for investors, savers and landlords”. The Queen’s Speech set out the government’s legislative plans for the coming year. We look at what the announcements mean for you. Click here to go directly to the article
Financial Times:” Investors warned to act quickly over tax avoidance disputes”. Taxpayers being hauled over the coals for their involvement in disputed avoidance schemes should act soon to pursue legal redress for poor advice, lawyers have warned. Click here to go directly to the article
The Times:” Savers left in limbo by guarantee scheme”. Customers waited almost five months for their cash, while some banks refused to take compensation cheques
The Times:” £1m pension raid may catch you”. Is £1M a lot of money? Yes, of course it is, you say. But is it a lot of money to have in your pension pot to pay for your retirement?
The Times:” Flat-rate pension? Fat chance, for many of us”. Will you receive the new state pension next year? A simple flat-rate pay out of about £151 a week sounds like a good idea, replacing the complicated three-tier system of basic state pension, additional state pension, and pension credit.
The Times:” Low-level tax evaders face jail in new purge”. If you’ve ‘forgotten’ to declare a few thousand pounds to the taxman, watch out. Revenue & Customs is increasingly sending low-level tax evaders to jail.
The Times:” Small firms tax relief ‘is being abused'”. A tax relief to help small businesses is at the centre of an ‘abusive’ avoidance scheme that could cost Revenue & Customs £20 million, it is claimed.
The Times:” HMRC stops chasing fines for late tax returns”. Hundreds of thousands of people who filed late tax returns have avoided a £100 fine for missing the deadline because they provided a ‘reasonable’ excuse, it emerged last night.
The Times:” How to pay no tax on your pension”. It sounds like a fantasy. Lying on a sun-drenched European beach next to a new house that you’ve bought by getting hold of your pension pot without paying a penny in tax. But the new freedoms that came into effect in April mean that with careful planning and the right choice of destination those who retire overseas can do just that, according to tax experts.
The Times:” Pensions deadline threat to small businesses”. Hundreds of thousands of small businesses are facing the threat of fines for failing to comply with new legislation requiring them to provide staff with a pension.
The Telegraph:” Q&A: Should you top up your state pension?”. The top-up scheme is attracting huge interest from savers. But is it the best for your money?
The Telegraph:” HMRC targets Etsy, eBay and Gumtree sellers – but when is your hobby taxable?”. Websites are being forced to hand over customer account data as the taxman targets 14,000 suspected evaders
1. LINKS TO ARTICLES:
We have now provided direct links to the articles referred to in the article. These can be accessed by click on the “To go directly to the article click here” at the end of each article summary
2. REQUIREMENT TO SUBSCRIBE TO SITES:
As some Opus Gold users will be aware, many of the broadsheet newspapers that are traditionally covered in our From the Papers bulletin, are changing (or have changed) their free online access to articles.
Currently the Financial Times and Weekend Financial Times only allows access to view 8 articles a month free, then requiring the user to subscribe to their online service. From 1 July 2010 The Times, Saturday Times and Sunday Times articles are no longer available for free online. Instead a daily or monthly fee will have to be paid to access the articles.
We are aware of the inconvenience this will cause to our users. Unfortunately, due to the stringent copyright rules enforced by the newspapers we are not allowed to copy the articles onto our bulletin to make them available to Opus Gold users, thus our only option is to put a direct link to the article on the newspapers own website.
Although we will continue to produce From the Papers bulletins linking to these articles, users should be aware that access to many will now be blocked unless a personal subscription to the newspapers site is taken.
Once again we apologise for this inconvenience but this is something outside of our control.
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