Small caps: Stamping out Stamp Duty
Small-cap managers claim lifting the 0.5% tax – from which AIM shares are already exempt – could be a vital step towards kickstarting the UK’s ailing stockmarket
HMRC
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Odey Asset Management partners face hefty tax bills after court ruling
Firm’s founder Crispin Odey is not among the 17 executives who were part of a partnership pay plan
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Fund buyers split on HMRC proposals on open-ended property funds in Isas
Government weighs banning Isa money entering property funds
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HMRC creates secret unit to go after wealthy families
Taxman cracks down on family investment companies created to avoid IHT
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Fund rebates ruling against Hargreaves pits HMRC against FCA
The ‘alphabet soup’ of superclean share classes set to continue under court decision
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HMRC nets £300,000 in ‘bizarre’ IHT ruling
Ruling leaves ‘a complex, nonsensical web of rules which risk layering on extra worry for beneficiaries’
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Pension annual allowance penalties leap to £517m
Record 16,590 people paying penalty on 2016-17 pension contributions
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Industry in limbo as HMRC appeals £15m Hargreaves tax win
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
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UK taxman outlines tax avoidance enabler hitlist
HM Revenue & Customs has updated its guidance on who can be considered enablers of tax avoidance and the penalties they will face when caught.
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Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
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Panama Papers to net UK taxman extra £100m
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.