There are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment.

New HMRC statistics have shed some light on how many companies are affected by the recent hike in corporation tax rates.

You do not have to take your state pension at state pension age and could defer it but you’ll need to make sure you’ve considered things.

VAT can be too complex and confusing so it’s no surprise then that more businesses than ever are getting hit with penalties for inaccuracies.

The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure

The Bank of England base rate increase is impacting on the government’s tax takes, with more people paying tax on savings income.

HMRC is chasing taxpayers who have submitted tax returns for 2021/22 containing unresolved provisional figures

New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem.

Although the lifetime allowance was effectively abolished from April 2023 as the lifetime allowance charge was removed, it has been retained on statute for a year to allow time for the intricacies to be ironed out.

If an English or Welsh person dies without a will, a surviving spouse or civil partner can inherit through a statutory legacy has increased

Draft legislation has been published to restrict the geographical scope of agricultural and woodlands relief to property in the UK.

The High Income Child Benefit Charge (HICBC) leading self-assessment tax return even if tax was collected under PAYE maybe changing.