Continuing Morningstar’s partnership with Techlink, here’s what you may have missed over the past couple weeks:
**Treasury Publishes Consultation On Eis And Vct Investment Start-Up**_</p>
SYNOPSIS: The Treasury has published a consultation document on the simplification of the current EIS and VCT schemes, as well as introducing a new scheme to target early-stage investment in small companies
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In the March 2011 Budget the Chancellor made a commitment to consult on the simplification of the EIS and VCT schemes and support for seed investment and start-ups. The Treasury has now released a consultation document. The aim is to consult on: · Additional support for seed investment via the creation of a new scheme; · Simplification of the current schemes; and ..continued on the Techlink website
**Pension Compensation And Taxation Consequences**
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__SYNOPSIS: The whole issue of compensation relating to pension schemes is, to say the least, somewhat complicated.___
Over the last few months, the tax treatment of compensation payable to pension scheme members has become a hot topic. This follows on from the FSCS compensation paid in respect of Keydata products and the recent Treasury proposal to remove income and capital gains tax reliefs for ‘pension mis-selling’ compensation (see our bulletin dated 7 June 2011. As a result of the increased interest we ..continued on the Techlink website
**Pensioner Tax To Be Simplified**
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__SYNOPSIS: The Treasury have asked the Office of Tax Simplification to review the system of pensioner taxation and make recommendations on how it may be simplified.___
In a letter dated 5 July 2011, David Gauke, Exchequer Secretary to the Treasury, has requested the Office of Tax Simplification (OTS) to provide a review of pensioner taxation. The OTS is charged with identifying and examining which parts of the tax system that create the most complexity for pensioners and how this varies across the pensioner population. It is then asked to propose ways in ..continued on the Techlink website
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