HMRC

Payouts likely well short of actual figure

We are about to embark on what I call the autumn acronym season where VCT, BPR, IHT, SEIS and EIS are part of many conversations advisers have with their clients.

Q2 saw new lending of £507m

It seems like Martin Wheatley's leaving present to the industry is an attempt to tackle the cash deposit market and easier transfers of cash ISAs.

HMRC has secured £26.6bn from clamping down on tax avoidance and evasion in the last year, its annual accounts have shown.

HMRC is to hold regular stakeholder forums to help clarify and develop the rules surrounding EIS, SEIS and VCT schemes.

HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

HMRC has said it will pursue users and promoters of an "aggressive" tax avoidance scheme run by high flying recruitment business Anderson Group.

The government expects to collect an extra £3.1bn from those found to have avoided or evaded tax payments - and those professionals who help them - Chancellor George Osborne said in his Budget speech today.

The government is to force tax avoidance schemes to reveal they are being monitored by HM Revenue & Customs (HMRC) as part of its wider clamp down on tax crime.