The Government has established two new panels anticipated to start late November – one of them covering general legal services which is worth £320mil and an additional one covering financial and highly complex transactions which is worth £90mil, both expected to last four years. Reviewed by the Crown Commercial Service (CCS), the panel for general […]
SUMMER BUDGET: INHERITANCE TAX PERKS, BUT HIGHEST EARNERS SET TO BE HIT BY CHANGES TO PENSION TAX RELIEF “It is excellent news for millions that the inheritance tax threshold has effectively been raised to £1m for couples who are homeowners, with the policy coming into full effect by April 2020. “The inheritance tax personal […]
Continual tinkering to the pensions system will cause people to lose confidence Long-term savers need encouragement to take on the burden of self-provision, rather than finding more barriers around tax-efficient saving Andy James, head of retirement planning, Towry comments on various proposed changes by the main political parties in the 2015 General Election Pensions reforms […]
Following yesterday's Budget, Dawn Register, partner in the Tax Dispute Resolution at BDO, commented: "A popular message for voters is the ongoing campaign against 'serial tax avoiders'. The difficulty will be defining who is a caught by these new rules, and legislation with retrospective effect always leaves a nasty taste even if most people agree […]
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