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
Four in 10 taxpayers do not know that pension contributions automatically receive 25% tax relief despite an annual bill of over £42bn to pay for the tax break
The former owner of Norton Motorcycles has been given a suspended prison sentence for illegally investing pension schemes’ money into his business as it faced financial problems
Doctors and nurses who returned to work in the NHS during the pandemic will be able to continue working without damaging their pension status until October
The tax collected from individuals breaching the lifetime allowance on pension pots has increased by 1,068% in the last decade surging to £342m in the 2019-20 tax year
The Department for Work and Pensions (DWP) has revealed that the pensions dashboard is five years behind schedule with many facing a four-year wait to access their pensions information
From April 2022, pension savings invested in the default funds of schemes used for automatic enrolment with a value of £100 or less will be exempt from flat fees
The Pensions Research Accountants Group (PRAG) has published guidance to help practitioners understand the Taskforce on Climate-related Financial Disclosures (TCFD) governance and reporting requirements for certain pension schemes from 1 October 2021
The government plans to consult on a further extension of the state pension age, with indications it will pull back the start date for the 68 year retirement mark
The government plans to increase the earliest age pension savers can access their pensions without incurring an unauthorised payments tax charge, known as the normal minimum pension age, from 55 to 57
