Tax
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Tax paid on inheritances more than doubles in a decade: Three ingenious tactics to reduce Inheritance Tax liability
Tax receipt data from HM Revenue & Customs due tomorrow will probably confirm the surging trend in the Treasury’s take from Inheritance…
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British workers overpay £8.2bn in tax due to wrong tax codes
More than two fifths (43%) of UK adults that have checked their tax code, have found they are on the wrong one,…
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HMRC hikes interest to 7% on late payments of tax owed – Thomson Reuters warns of the dangers
HMRC issued £187 million in fines and interest charges to taxpayers for the late payment of taxes in the past year, says…
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HMRC heralds the benefits of filing a self-assessment tax return early
According to HMRC, the best time to submit your Self Assessment tax return is now. A bit early you might think? However,…
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AJ Bell’s Khalaf comments as IFS figures reveal the scale of Rishi’s tax freeze
Laith Khalaf, head of investment analysis at AJ Bell, says: “Millions of people will find themselves with a much bigger tax bill…
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Evelyn Partners: Six-year tax threshold freeze redraws the UK’s income tax landscape
The Institute for Fiscal Studies has calculated that the UK’s six-year freeze in the cash value of income tax thresholds will become…
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55 billion items of taxpayer data now on HMRC’s ‘Connect’ AI system, reveals tax authority
HMRC has revealed that there are now 55 billion items of data relating to taxpayers in its ‘Connect’ AI system*, which it uses to…
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Is now a sensible time to introduce a wealth tax in the UK?
Written by Des Hanna, International Tax Director at Andersen LLP Since the start of the new tax year, the UK population now…
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Business relief as an offset for IHT – What does the industry think?
There has been a great deal of commentary in recent months on the use of business relief (BR) as an offset for…
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HMRC move to dip into crypto and digital wallets to pay tax bills
The government is considering granting HMRC new powers to recover unpaid tax directly from digital wallets. The proposal is one of a…
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