Treasury

The government has proposed to include the provision and coordination of debt advice as one of the official statutory duties of the Money Advice Service (MAS).

The Treasury has extended its proposal to introduce a lower rate of inheritance tax (IHT) where people leave a charitable legacy of 10% or more on death.

The Treasury has delayed reform to the statutory residence test while it assesses the wide variety of views it has received from the industry.

The Tax Incentivised Savings Association (TISA) has welcomed Treasury proposals which will give investors affected by the failure of financial firms the opportunity to use compensation to top up their ISAs beyond the current subscription limits.

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

The 50p tax rate is ineffective in raising revenue and encourages young wealth creators to hide their money abroad, a think tank has said.

The government has moved a step closer to implementing a general anti-avoidance rule (GAAR) to the tax system after a report recommended the move today.

Mark Hoban has insisted people on average to above average income are unattractive to the financial advice sector, and targeted this as the demographic for the Money Advice Service (MAS).

The government will continue to avoid interfering in the regulation of the retail investment market even after the break-up of the Financial Services Authority (FSA), it has confirmed.

Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.