Self assessment tax helplines to be severely reduced during the busiest time of year for taxpayers and finance professionals. The move has been criticised by leading global finance professional body ACCA, highlighting that this is a further example of HMRC’s...
At £6bn it is a less costly reform for government than reducing the headline IHT rate, while simplifying the tax New analysis from Quilter, the wealth manager and financial adviser, has found that if the government were to raise the inheritance tax threshold to...
Complicated UK tax rules are seeing business owners finding themselves liable for costly tax penalties due to not keeping up with the latest rules, according to national financial advice firm Continuum. As the Chancellor prepares for his latest Budget later this...
With the announcement that IHT receipts are rising by £400 million, John Glencross, CEO and Co-Founder of Calculus has commented. The comment can be seen below: Commenting on IHT receipts rising by £400 million, John Glencross, CEO and Co-Founder of...
Hundreds of thousands more retirees are likely to pay income tax in the next tax year when the triple lock results in an inflation-busting...
In a recent survey* undertaken by the Council for Licensed Conveyancers (CLC) 70% of probate practitioners reported waiting in...
Speculation that Labour is planning to scrap or restrict a number of tax reliefs that exempt certain assets from Inheritance Tax, while...
Commenting on the IFS report "Reforming Inheritance Tax" published today, James Ward, head of Private Client at Kingsley...
Written by James Ward, Head of Private Client at law firm Kingsley Napley LLP The big question for wealth advisers today is how seriously...
It was reported at the weekend that the Government is seriously considering reducing the 40% inheritance tax rate and including a pledge...
“A year ago Liz Truss and Kwasi Kwarteng embarked on a mission to set the UK economy rocketing with a promise of ‘growth, growth, growth’...
Following reports in The Times that Rishi Sunak is planning to slash inheritance tax, Rachael Griffin, tax and financial planning expert...
The latest IHT tax data has just been published, which shows receipts from April to August 2023 were £3.2bn, which is £0.3bn higher than...
New data published today by HMRC shows that IHT receipts for April to August 2023 were £3.2 billion, which is £0.3...
Rachael Griffin, tax and financial planning expert at Quilter comments on the HMRC tax receipts and National Insurance contributions...
Rising wages and frozen thresholds will mean thousands will need to register for Self Assessment for the first time Taxpayers needing to...
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