Tax
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Trust use continues to rise as inheritance tax pressures and reporting obligations intensify
The use of trusts in the UK is growing as they play an increasingly important role in estate and succession planning, according…
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19% of business owners plan to pass their companies on to family members due to IHT changes
19% of business owners plan to hand their companies over to their children within the next five years partly in response to…
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Taxpayers will need to take extra care reporting capital gains this year
Taxpayers needing to disclose capital gains in their self-assessment tax return should take extra care this year to avoid being hit with a penalty, BDO has warned. Changes…
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HMRC reveals fiscal drag to push 35,000 more families into the Child Benefit tax charge
New information obtained by Quilter, the wealth manager and financial adviser, under the Freedom of Information Act shows that fiscal drag is…
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Millions of last-minute filers face potential CGT hurdle ahead of self-assessment tax deadline
AJ Bell is warning that HMRC is expecting more than 12 million people to submit a self-assessment tax return for the 2024/25…
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New FOI reveals ‘soaring’ numbers facing end-year tax demands – Steve Webb, LCP
A Freedom of Information (FOI) request tabled by LCP partner Steve Webb has revealed a surge in the number of people receiving…
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Taxpayers urged to meet January tax deadline to avoid penalties
With the 31 January deadline to submit a tax return for the 24-25 tax year less than a month away, BDO is urging taxpayers to get their skates on to avoid…
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New rules will make it harder for crypto investors to evade tax
BDO urges taxpayers to accurately declare all crypto gains and losses before 31 Jan New rules which have come into force for…
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Noel time like the present for over 37,000 festive tax return filers in 2025
37,435 people completed their tax return over the festive period (Source: Festive filers sleigh their Self Assessment returns). 4,606 of these were on Christmas Day…
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Farmers get pre‑Christmas IHT reprieve – but big tax bills still loom
The government today announced that the level of the Agricultural and Business Property Reliefs threshold will be increased from £1m to £2.5m when it…
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