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Wealth firm fined £150k for failing to supply info to HMRC

An Isle of Man-based wealth management and tax advice firm, AML Tax (UK) Limited, has been fined £150,000 for failing to provide HMRC with legally required information.


UK notches up 2,001 ISA millionaires

There are now 2,001 ISA millionaires in the UK with average pots of £1.4m.


HMRC pushes back Self-Assessment filing penalties

HMRC has waived late filing and late payment penalties for Self-Assessment taxpayers for one month.


Pensions Tax Relief soars £11bn in four years

The cost to the Government of Pensions Tax Relief rose to an estimated £42.7bn in 2020/21 - up £11bn in four years.

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