#TaxDay arrives... gov.uk/government/pub…
Something Sir Humphrey about it being announced in this that there will be a review of the Office of Tax Simplification. [appreciate #OTS is reviewed under statute]
The government is publishing a summary of responses to the 2018 consultation ‘The Taxation of #Trusts: A Review’.4 The responses did not indicate a desire for a comprehensive reform of trust tax at this stage.
The government will keep the issues raised under review.
The government will keep the issues raised under review.
#TaxDay #incometax: The government is publishing a call for evidence to begin to explore the opportunities and challenges of more frequent payment of
income tax within Income Tax Self Assessment.
income tax within Income Tax Self Assessment.
#TaxDay regulation of tax advice: Govt to seek views on definition of tax advice & a requirement to make professional indemnity insurance compulsory for
tax advisers, with a view to improving tax advice & providing taxpayers with better access to redress where bad advice
tax advisers, with a view to improving tax advice & providing taxpayers with better access to redress where bad advice
#TaxDay & #IHT:Reporting regulations will be simplified later this year so that from 1 January 2022 over 90% of non-taxpaying estates each year will no longer have to
complete inheritance tax forms for deaths when probate or confirmation is required. #inheritance tax
complete inheritance tax forms for deaths when probate or confirmation is required. #inheritance tax
Dormant assets@ #charities & #socent: – Further commitment that the government will make changes in a future Finance Bill to facilitate the inclusion of the asset groups that will be in scope of the expanded scheme. This relates to Capital Gains Tax and pensions tax legislation.
#TaxDay: not seeing much exciting about pensions. Interesting given what @CommonsTreasury said when calling for @RishiSunak to review urgently. Many will be relived Tax Day seems quiet on this front
#TaxDay & #trusts: "Many stressed the positive role trusts play in society...trusts are often the most appropriate legal mechanism for passing on, or managing and protecting, wealth & assets." Here's my talk today for @LawscotCPD on trusts for vulnerable …tishcharityandwealthlaw.wordpress.com/2021/03/23/tru…
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