MD Consulting
►► Introduction August Tax Newswire

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

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►► Pensioners set to benefit from tax overhaul

Almost six million pensioners are in line to benefit from a new Office of Tax Simplification (OTS) project.

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►► Consultation begins on drive to boost charity bequests

HM Revenue & Customs (HMRC) has launched a consultation on the Government’s proposal to encourage people to leave money to charities in their wills by reducing the rate of inheritance tax (IHT) they pay.

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►► Reminder on late filing penalties

Taxpayers are reminded that they could find themselves paying a high price for submitting late tax returns under a new penalty regime introduced in April.

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►► Spotlight on ‘high risk’ tax avoidance schemes

A consultation on measures designed to counter the continued marketing and use of high risk tax avoidance schemes has been launched by HM Revenue & Customs (HMRC).

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►► Views sought on ‘non-doms’ tax reform

The government has launched a consultation exercise on reform of the taxation of non-domiciled individuals or “non-doms”.

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