HMRC

The list below is a collection of articles that refer to, mention or discuss HMRC.

New Reporting Rules For QROPS Offshore Pensions

New regulations for managing Qualifying Recognised Overseas Pension Schemes (QROPS) that have ceased but still hold funds for members have been published by HM Revenue & Customs (HMRC). The proposals introduce new reporting requirements for scheme managers – although the draft guidance is under consultation and no start date for the rules is set. The … Read more

HMRC demands more tax from Singapore QROPS

Another batch of disappointed Singapore QROPS investors have received letters from HM Revenue and Customs (HMRC) demanding 55% of their pension pot transferred in to an illegal scheme as a tax penalty. The demand is for investors to pay an unauthorised payment charge for joining a Qualifying Recognised Overseas Pension Scheme (QROPS) which was later … Read more

Prosecutions Up 53% As Tax Man Gets Tough On Fraud

HMRC letter photo

Prosecutions for tax dodging jumped by more than half last year as HM Revenue and Customs stepped up the drive against fraud. As a result, lawyers are warning taxpayers and businesses to put their finances in order to avoid HMRC prying in to their affairs. Figures released by HMRC show 240 taxpayers and businesses were … Read more

Categories Tax