Tax avoidance risk tool launched by HMRC

HMRC has launched a new tool to help self employed agency and contract workers employed through an umbrella company spot whether they are at risk of tax avoidance.


Pension Freedoms result in £800m overpaid tax

Latest HMRC figures show that £794m has been repaid to people overtaxed on flexible retirement withdrawals since the Pension Freedoms were introduced in 2015.


Planners concerned about surge in LTA penalties

Pension lifetime allowance (LTA) penalty charges surged by 21% in 2019-20 to £342m (2018-19: £283m), according to data released by HMRC.


Businesses get more time for HMRC tax changes 

Businesses are to get an extra year to prepare for the digitalisation of income tax, HM Revenue and Customs has said.

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