Written by Simon Harryman, Senior Business Development Director at Ingenious The landscape of Capital Gains Tax (CGT) is undergoing a transformative shift that demands a fresh approach from financial advisers. Progressive increases in the CGT Annual Exemption...
Tax
Government’s stealth tax agenda laid bare in new income tax figures
Written by Rachael Griffin, tax and financial planning expert at Quilter This morning’s personal income statistics reveal the harsh reality of how the government’s stealth tax agenda has tipped thousands of hard-working people into higher tax brackets. The frozen tax...
‘Another stick-and-carrot approach…’Xeinadin’s Tax Director shares Budget predictions
Chris Watson, Tax Director at top 20 Accountancy firm, Xeinadin Group, shares his predictions for the upcoming Spring Budget on 6th March. Whilst he urges the Chancellor to introduce policies to help alleviate the pressures on SMEs he's expecting 'a game of political...
What can we expect from the Budget in a General Election year? Accountants BDO share analysis
In what could be the last major fiscal statement before the General Election, all eyes will be on what giveaways and policy measures the Chancellor announces to please voters, when he delivers his Spring Budget on 6th March. Giving us his thoughts on what detail might...
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Has the chancellor been handed the means for Budget tax cuts? AJ Bell
Danni Hewson, head of financial analysis at AJ Bell, has commented on the latest UK public sector finances. She said: “The numbers seem...
A quiet fiscal event for pensions with tax tinkering to dominate – Broadstone Spring Statement Preview
Complex consultations and General Election on the horizon could deliver quiet budget for pensions industry State Pension triple...
Parents unaware they’ll be hit with tax for their children’s savings
Only a fifth of parents understood how tax on their children’s savings interest works Another fifth of parents incorrectly thought the...
Less than 1% of Capital Gains Tax paid through HMRC’s Real Time Service
On the 31st January deadline to pay any reported Capital Gains Tax (CGT) bills, new Freedom of Information data collected by Quilter, the...
Five top tax return tips as 31 January deadline looms
Last year HMRC saw over 800,000 people file their tax return on deadline day, with 36,000 doing so in the hour before midnight. With just...
HMRC opened 1,091 of its most serious tax investigations in a year
HMRC opened 1,091 serious tax investigations in the last year (March 31, 2023), says multinational law firm Pinsent Masons. These probes –...
90,000 taxpayers fined for tax return errors last year
Ahead of the January 31 self-assessment deadline, national accountancy group UHY Hacker Young warns individuals to double check their...
HMRC could be in line for a windfall if people don’t file their tax returns on time
HMRC could be in line for a windfall in 2024 if people don’t file their tax returns on time, accountancy and business advisory firm BDO...
Inheritance tax take on course for annual record as April-December receipts rise 7.5%
HM Revenue and Customs has revealed that inheritance tax receipts for April to December 2023 were £5.7 billion, which is £0.4 billion...
IHT raises £5.7 billion in Q1-Q3 – up 8% on last year as another record-busting year beckons
HMRC’s latest update on Inheritance Tax (“IHT”) receipts show that £5.7 billion was collected through Q1-Q3 of the 2023/24 Financial Year...
HMRC issues new warning to crypto users over tax obligations
HMRC has today issued a new warning to crypto users that they may have to file a Self Assessment tax return before the 31 January deadline...
Tax allowances to fall in April but will spring Budget see IHT or income tax cuts? Tax outlook for 2024
The New Year kicks off with some glad tidings for millions of employed taxpayers in the form of a cut to National Insurance. However, this...
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