HMRC

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

Schemes sponsors could receive a £2bn tax windfall following a change in HM Revenue and Customs' (HMRC) policy on VAT recovery in response to two European Court cases.

HM Revenue & Customs (HMRC) has clarified its position on why certain retirees using standalone lump sums trigger a reduced annual allowance.

Trustees and pension professionals have defended the investment returns targeted by defined benefit (DB) schemes in research carried out by PP.

HM Revenue and Customs (HMRC) has received an unexpectedly low volume of queries from schemes that have obtained data as part of its Scheme Reconciliation Service.

Proposals by HMRC to change the taxation system for employee benefits and expenses have been applauded by the Low Incomes Tax Reform Group (LITRG).

Penalties for late Real Time Information (RTI) PAYE filings are to be phased in from October for firms with more than 50 staff.

HM Revenue and Customs (HMRC) now has the power to refuse to register or to de-register a pension scheme on the grounds that the administrator is "not fit and proper".

Executives at the UK's largest companies are increasingly opting to receive cash payments instead of pensions, research shows.

The majority (82%) of organisations plan to carry on supporting existing childcare voucher schemes despite the introduction of the government's new Tax-Free Childcare scheme, research finds.