In brief

Pensions

HMRC’s Countdown Bulletin issue 37 has updates on financial reconciliation HMRC banking details data quality and contribution adjustment action as a result of scheme reconciliation. These bulletins provide guidance for pension scheme administrators after the ending of contracting out in April 2016.

See here.

Capital gains tax

The CIOT has published its response to HMRC’s draft legislation on the payment of capital gains tax exit charges (draft Finance Bill s 36 and Sch 15).

See here.

Tax avoidance

Compliance Checks: penalties for enablers of defeated tax avoidance – CC/FS43 has been published. It covers the penalties HMRC may charge if taxpayers enable abusive tax arrangements that are later defeated.

See here.

Non-co-operative countries

Liechtenstein and Peru have been removed from the EU’s list of non-co-operative tax jurisdictions. Palau has been moved to the lower-risk...