The current tax system is allowing people to use their pension pots to avoid inheritance tax and should be changed to allow the government to collect more tax, claims the IFS
There are 2,300 pension savers in the UK who are still paying into their personal pension schemes despite their pots already exceeding the lifetime allowance
A wine merchant has won an appeal against HMRC discovery assessments and penalties of £350,905 with the court ruling that although he ‘regularly’ filed his accounts late he did not do it deliberately