Bankers delayed bonuses for tax advantage, claims Labour

Accountancy Age: Bankers may have delayed their bonuses this year in order to take advantage of the drop in the income tax rate to 45p from 50p, according to Labour.

Full story: http://www.accountancyage.com/aa/news/2286840/bankers-delayed-bonuses-for-tax-advantage-claims-labour?

HMRC targets middle class as tax evasion prosecutions double

Citywire: The number of criminal prosecutions being brought over tax evasion has more than doubled in the last year.

Full story: http://www.citywire.co.uk/new-model-adviser/hmrc-targets-middle-class-as-tax-evasion-prosecutions-double/a695896?ref=new-model-adviser-todays-news-list

Father and son locked in legal battle over trust fund

Daily Telegraph: A wealthy property investor who tried to beat inheritance tax by setting up a trust fund for his son has become locked in a bitter legal battle with him after using the cash to buy a property in the South of France.

Full story: http://www.telegraph.co.uk/news/uknews/law-and-order/10217490/Father-and-son-locked-in-legal-battle-over-trust-fund.html

IHT take up 9% since £325k threshold frozen

Accountancy Live: HMRC revenues from inheritance tax (IHT) have gone up by 9% since the threshold was frozen at £325,000 in 2009, according to analysis by Saffery Champness.

Full story: http://www.accountancylive.com/croner/jsp/Editorial.do?channelId=-601043&contentId=2689370

HMRC cancels ‘nudge' campaign for non-doms

IFA Online: Her Majesty's Revenue & Customs (HMRC) has cancelled a campaign designed to educate non-UK domiciled (non-dom) individuals about making remittances following concerns from an accountancy body.

Full story: http://www.ifaonline.co.uk/ifaonline/news/2286425/hmrc-cancels-nudge-campaign-for-nondoms?

Inheritance tax at highest level since 2007

Daily Telegraph: Families paid more than £3bn IHT in the year to April - the biggest sum since the onset of the credit crisis.

Full story: http://www.telegraph.co.uk/finance/personalfinance/houseprices/10214816/Inheritance-tax-at-highest-level-since-2007.html