Offshore Tax Avoidance Amnesties Ready To Close

Taxpayers who want to take advantage of reduced penalties by declaring secret offshore income and assets to HM Revenue & Customs (HMRC) have until the end of the year to bring their finances up to date. All the current offshore disclosure schemes will close on December 31, according to an announcement from HMRC. Although a […]

Treasury Confirms Another QROPS Rules Mess

Civil servants and public workers transferring their pensions to Qualifying Recognised Overseas Pension Scheme (QROPS) face a race against time as the government moves to change the law. Public sector pension savers were banned from switching their funds to an offshore QROPS as part of Chancellor George Osborneā€™s pension overhaul in April that introduced flexible […]