The Chartered Institute of Taxation has criticised the government’s decision to push ahead with the Finance Bill before the general election. They believe that rushing through the proposals could lead to loopholes and an overly complicated tax system.

Concerns have been raised over changes to pension tax relief from next year. Under government proposals, high earners will face increased restrictions on this type of relief from 6 April 2011.

The Association of Consulting Actuaries has slammed the government for the “complex” nature of its new proposal for pension tax relief reforms for high earners.

I was reading up on the House of commons Finance Committee’s debate on the BN66 case – that’s the one about retrospectively taxing people who thought they had joined a valid scheme and suddenly found they hadn’t.

Do you turn to your accountant for business advice? If the answer is yes, you are not alone.

If you are one of those who have decided they are caught by IR35, you are no doubt aware that your options regarding taxes paid are fairly limited. 95% of your gross, less some allowable expenses, is the rule. However, there is a way to remove some (or even all) of your gross from the clutches of IR35.