Inheritance tax receipts double in a decade
New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the
New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the
The government’s Help to Grow: Digital scheme has just been expanded to businesses with at least one employee. Previously, only businesses with five or more
Couples in the process of separating may find themselves facing a costly capital gains tax (CGT) bill if they miss the tight deadline for transferring
New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK.
The high marginal tax rates created by phasing out the personal allowance are back in the news. ‘A million to pay 60% income tax within
With strikes and cancellations affecting trains, the underground and flights, employers need to decide how they are going to treat employees who cannot get into
The disposal of a private residence is exempt from capital gains tax (CGT) if used as a main residence throughout the period of ownership. A
No fault divorce became a reality in April. Although it brought no associated changes to the tax rules, divorcing couples should now be in a
The widening scope of Making Tax Digital (MTD) is highlighting several issues, including the limited availability of the MTD for income tax pilot scheme, and
Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. With Gift Aid donations saving tax
The private sector off-payroll working rules have been in place since April 2021, but for the first 12 months businesses have benefitted from HMRC’s relaxed
Although showing a slight improvement from March, the number of company insolvencies in April of this year was more than double the number from April