Tax
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Dividend tax squeeze to hit record 3.7 million people
New HMRC figures obtained by Quilter through a Freedom of Information request reveal the full extent of the dividend tax squeeze facing…
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Tax rises are coming — and UK asset holders must act now
The question is no longer if taxes will rise in the UK, but how quickly and how sharply, warns the CEO of…
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Number of savers paying tax on interest quadruples as frozen allowances bite
The number of people paying tax on their savings income is set to quadruple in just four years, according to new data…
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Total cost of pension tax and NI relief passes £50bn…but Reeves faces public sector firestorm if she targets another retirement raid
The total net cost of pension tax and National Insurance Contributions relief hit £52.5 billion in 2023/24, up marginally from £50.1 billion…
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IHT stats highlight how fiscal drag continues to swell tax receipts
HMRC’s latest inheritance tax (IHT) statistics for the 2022/23 tax year reveal a significant £710 million increase in liabilities compared to the…
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Number of estates liable to inheritance tax rises by 13% ahead of ‘seismic’ reforms due next year
New figures released by HMRC today show that the number of estates liable to pay inheritance tax rose by 13% in 22-23 vs the…
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More estates face inheritance tax as liabilities Jump 12%, industry professionals share their views
Annual Inheritance Tax liability statistics from HM Revenue and Customs today revealed that in the tax year 2022 to 2023: Based on…
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Number of reclaims for overpaid tax on pensions breaks half a million barrier – “how much longer will this go on?” asks Steve Webb
New figures published today by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has now gone…
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Taxpayers should consider charitable giving to reduce inheritance tax bills and leave more to next of kin
Taxpayers should make greater use of charitable giving to reduce their inheritance tax (IHT) bills and leave more of their estates to…
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Legal expert assesses the implications of draft legislation on APR and BPR and what it means for your clients
The Government’s long-awaited draft legislation on Agricultural Property Relief (APR) and Business Property Relief (BPR) confirms a seismic shift in how succession…
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