HMRC have published the long delayed survey which they commissioned on Save As You Earn (SAYE) and Share Incentive Plans (SIP), which considers whether the schemes have met their policy objectives. The survey on SIPs was due in 2005.
While the report provides some useful statistics, it is disappointing that HMRC have failed to address some [...]

New Powers Come Into Force Next April
As part of a drive to track down tax evaders, up to one million landlords could be subject to investigation from HM Revenue & Customs (HMRC) who aim to identify those landlords who are not paying the correct amount of tax.
HMRC say that in their experience many buy-to-let investors [...]

Internet fraudsters are exploiting the banking meltdown by attempting to trick users into handing over details of their bank accounts.
These crooks - called Phishers - set up false websites which look like the websites of real banks and send out emails trying to get people to log on to these sites and by so doing [...]

All four defendants in the marathon Guinness trial were facing jail after the jury returned “guilty” verdicts following five days of deliberations.
On the 112th day of their trial, which was the most expensive court action ever brought at that time; Ernest Saunders, Gerald Ronson, Sir Jack Lyons and Anthony Parnes were convicted on all but [...]

Investors have been warned to beware of fraudsters targeting former customers of rogue stockbroker Pacific Continental Securities.
The UK Financial Services Authority closed down Pacific Continental Securities in June of 2007. The company had been authorised as a broker for several years but had a turbulent and contentious history. Having done little to police the matter [...]

An Individual Savings Account (ISA) allows any UK taxpayer aged 18 or over to save up to £7,200 each year (for 16-17 year olds this is £3,600 cash) and not pay tax on the income they receive from the investment.
They are now a permanent feature of the UK savings landscape.
Tax Advantages of ISAs

All income from the ISA [...]

“Going Offshore” is a phrase that one commonly hears usually accompanied by a wry smile or a sly wink of the eye.
There is an assumption that somehow “Offshore” is “dodgy” and anyone who has an offshore bank account or business must automatically be up to no good. Phrases like “tax avoidance”, “tax evasion” and, increasingly [...]