HMRC

The number of companies offering tax-advantaged share schemes has doubled since 2000 but plans open to all employees have dipped to their lowest level during the period.

Urgent action needs to be taken if schemes are to meet deadlines for reconciling GMP data says Helen Morrissey.

The biggest stories on PP this week included political controversy surrounding the pensions minister, annual allowance charges and planned changes at the Pensions Ombudsman.

Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.

The clock is ticking, but schemes aren't showing much urgency

Annual allowance reductions mean more people will incur tax charges but how many members know this? Helen Morrissey looks at what schemes should do to help members meet their responsibilities.

The Pensions Regulator (TPR) is to launch a tool to help small employers assess their work force for auto-enrolment and calculate contributions.

Just one in five schemes has reconciled guaranteed minimum pensions, according to research carried out by Professional Pensions.

A further 75 employers have been named and shamed by the Department for Business, Innovation and Skills (BIS) for underpaying their workers more than £153,000.

Will it be nth time lucky?