Advisers face £5k fines over tax loopholes

York, Nicola
September 2009
Money Marketing;9/3/2009, p3
The article reports on the possibility that pension advisers could face penalties of up to 5,000 pounds if they fail to disclose tax avoidance measures in Great Britain. It mentions that change in tax regulations indicates that any adviser that uses a loophole to get away or reduce the impact of special annual allowance presented in the budget will be fined and clients will be held liable. It affirms that provisions were covered under the Finance Act of 2004.


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