And here we see the thin dividing line between tax avoidance and evasion in sharp focus. Or, as I’m sure HMRC would prefer, rather soft focus, as the pot very loudly calls the kettle black (kids etc.). I’m sure there will be endless assurances of arms length and no wheels with wheels. But if you’ve lost your house, as many have, because you followed your accountant’s advice and put your freelance earnings offshore thought you were helping struggling film directors then had a huge tax bill or just messed up your VAT and had men knocking your door, it must all seem, quite frankly, rather smelly.
“HMRC scraps plans to tax pensions after death”
A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the treatment of pensions on death. They were never going to be liable to IHT (too complicated with trusts and trust law) but there was talk of making them income-taxable on the recipients at whatever age you die.
