Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.
Introduction On 20 February 2020, HMRC released long-awaited guidance (“the Guidance”) on some of the pensions tax issues arising when equalising benefits for the effect of GMPs. The Guidance focuses specifically on the so-called...
Introduction After a long wait, HMRC has revised its internal VAT manual to make clear that the VAT treatment for professional fund management costs outlined in Notice 700/17 (the so-called 70/30 recovery method) will no longer be...
Introduction On 23 November 2016, Philip Hammond delivered his first Autumn Statement as Chancellor of the Exchequer. It will no doubt come as a relief to many that, whilst pensions have not escaped the Chancellor’s attention entirely,...
Introduction The Finance Act 2016 received Royal Assent on 15 September 2016. The Act, which introduces provisions announced by the Chancellor in the 2016 Budget, Autumn Statement 2015 and Summer Budget 2015, contains key measures...
While the Chancellor’s Budget on 16 March did not reveal a radical reform of pensions tax relief, the introduction of a new lifetime ISA (“LISA”) could mark a turning point in how individuals save during their working life. At our...
Introduction While George Osborne’s eighth Budget did not herald a major shift in the pensions tax relief system this time around (see our Alert for details), changes to the system are nevertheless on the horizon. On and from 6 April...
Background HMRC is consulting on draft regulations and an accompanying draft explanatory memorandum on changes to the information requirements for pension scheme administrators following the introduction of the pensions tapered annual...
