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HMRC wins court battle against £156m avoidance scheme
by Daniel Grote on Feb 27, 2013 at 09:07
HM Revenue & Customs (HMRC) has won a court battle against a £156 million tax avoidance scheme.
A tribunal has ruled against the scheme, constructed by NT Advisors and sold by Dominion Fiduciary Services Group, which had 305 users.
HMRC said the scheme was intended to exploit the tax rules on stock lending to enable users to pay little or no tax on their income.
Exchequer secretary to the Treasury David Gauke said: ‘The government is committed to tackling tax avoidance schemes like this one which are artificial and work against the rules set by parliament. These schemes are an affront to the vast majority of businesses and people who pay what they owe. We will pursue the minority who do not play by the rules.
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
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by Michelle Abrego on Jun 18, 2013 at 18:29