HMRC has published its draft guidance on the 'Disguised Remuneration' legislation included in the Finance Act 2011.
The budget statement delivered by Chancellor George Osborne today was fairly light in relation to measures affecting private pension schemes.
On 9 December 2010 HMRC released draft legislation in the Finance Bill 2011 designed to "tackle arrangements involving trusts and other vehicles used to reward employees which seek to avoid, defer or reduce tax liabilities".
We have ploughed through the reams of provisions and consultations to give you in this briefing a 'what you need to know summary guide to the announcements affecting business taxation'.
The Government has today issued a Summary of Responses to the Consultation Document for the reform of the tax and company law rules for Investment Trust Companies (ITCs), published in July of this year.
Yesterday, the Government launched a 'study programme' to establish whether an effective General Anti-Avoidance Rule (GAAR) could be developed to form part of the UK tax system.
In the Emergency Budget on 22 June, the Government gave a clear (but not entirely definitive) indication that changes to the tax regime applicable to the pension savings of high earners (planned by the previous Government, and scheduled to come into force on 6 April 2011) will be scrapped.
Yesterday's Emergency Budget included various pensions-related announcements.
This year's Budget contains some headline grabbing changes in relation to residential property but there are a number of other notable points which are discussed below.