Tax
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As IHT receipts hit £1.5 billion, St. James’s Place outlines key gifting strategies to reduce the potential tax burden
Following the latest HMRC inheritance tax (IHT) receipts reaching £1.5 billion for May 2024 to April 2025, £98 million higher than the…
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May inheritance tax receipts fall to £650 million, down from £850 million in April, experts share their reaction
Inheritance tax (IHT) receipts fell sharply in May, dropping to £650 million from £850 million in April, according to the latest figures.…
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Non-doms U turn – comment from tax lawyer
In response to the government’s potential U-turn on the non-dom regime, Paul Fairbairn, partner at Cripps, said: “It’s not too late to…
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Tax gap steady at 5.3% but lowered allowances risk first-time taxpayers falling foul of the rules
Following the release of HMRC’s new tax gap data, Rachael Griffin, tax and financial planning expert at Quilter has shared her reaction…
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HMRC: Tax gap estimated at 5.3%
The tax gap estimate – the difference between what tax is expected to be paid and actually paid – was 5.3% for…
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HMRC ups its estimate for tax underpaid by wealthy individuals to £2.1billion – has been rising at 17% per annum over the last few years
New data out today shows the amount of tax that HMRC believe is either avoided or evaded by wealthy individuals has jumped…
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Tax gap steady at 5.3% but lowered allowances risk first-time taxpayers falling foul of the rules
If you are covering HMRC’s new tax gap data, please see the following comment from Rachael Griffin, tax and financial planning expert at Quilter:…
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New findings – IHT changes prompt rise in estate planning and legacy giving
Upcoming Inheritance Tax (IHT) changes are already beginning to influence the charitable Will-writing and estates market, with professional advisers reporting an increase…
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Reeves considers changes to non-dom inheritance tax amid UK exodus – comment from Utmost Wealth Solutions
Chancellor Rachel Reeves is exploring reversing a decision to charge UK inheritance tax on the global assets of non-doms, following a spate…
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Wealth tax changes drive renewed client focus on cash
Wealth tax changes announced in the last few months are changing the way that advisers need to approach cash management for their…
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