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Tax form mislead – HMRC apologises

15th June 2015

Following the recent pension regulation changes in April 2015, HMRC has introduced a new tax form which aims to simplify the process of reclaiming any overpaid tax. According to recent reports, rather than helping pension savers reclaim 30 day refunds on any overpaid tax (provided that they had accessed... read more

Posted in: News, Tax

The Efficient Frontier

26th June 2014

Occasionally, The Fry Group’s Chairman, Stephen Tucker, lends his thoughts on a particular area of financial planning. Below is his analysis of one such area: Let me start with an apology. Not everyone reading this will find it as interesting as others but it is a fundamental principle of... read more

Posted in: Financial Planning

Isle of Man Tax Information

27th November 2013

Isle of Man to Share Tax Information with UK Government In a bid to promote greater financial transparency, the Isle of Man is to share tax information with the UK Government. Financial institutions in the Isle of Man will disclose information about the investments of UK residents to relevant... read more

Posted in: News, Tax

Non-Doms

9th September 2013

Non-Doms HMRC are currently sending letters to taxpayers whose Tax Returns for 2011/12 claimed the remittance basis of taxation. These letters are an ‘educational exercise’ by HMRC and have caused much controversy.  The idea of the letter is to outline that this is a complicated area of tax and... read more

Posted in: News, Tax

HMRC Enquiry Centres

5th July 2013

HMRC Enquiry Centres If you deal with your own tax matters yourself, you need to be aware of the recent HMRC announcement regarding Enquiry Centre Closures. As part of cost-cutting measures, HMRC are closing 281 Enquiry Centres.  Whilst the intention is to replace these with home visits, a scheme... read more

Posted in: News, Tax