HMRC has said that it intends to issue a second set of regulations changing the legislation governing the lifetime allowance abolition.

A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HMRC.

The number of investors claiming tax relief on a Venture Capital Trust (VCT) investment in 2021/22 rose by 32% (year-on-year) to 25,800, a new report says.

Britain’s top 100,000 taxpayers saw their average income and capital gains tax bills surge by 18% in one year, according to a Freedom of Information request.