08/25/2023
IHT penalties increase by 34% in a year
HMRC ‘don’t hold back where they suspect inheritance tax has been underpaid’
Tax
08/24/2023
Slash taxes in Scotland to attract ‘the next Google’, Humza Yousaf told
Sir Tom Hunter calls on SNP to prioritise high-growth sectors with 15pc corporation tax
08/23/2023
Bereaved families pay record inheritance tax due to threshold freeze
The total inheritance tax take for tax year 2021-22 was £6.1bn, meaning this year’s take is well on course to break new records and could get close to £8bn.
08/22/2023
The wealthy ‘golden visa’ British expats oblivious to the inheritance tax threat
Those moving abroad must cut almost all ties with Britain to avoid a hefty death duty bill
08/22/2023
IHT receipt rise puts HMRC on track for record year
The data additionally revealed that receipts in June were the highest monthly total on record
08/22/2023
Tax cut hopes raised as UK borrows less than expected in July
£4.3bn last month
08/21/2023
HMRC paid out over £500,000 to tax fraud whistleblowers – but lawyers say rewards should be higher
HMRC has paid out over £509,000 to individuals providing evidence about tax fraud during the course of the last financial year, up from £495,000 the previous year.
08/18/2023
Nearly 50% of Brits haven’t spoken to advisers about inheritance tax
With 60% not knowing how much money they could leave their loved ones before IHT is incurred
08/11/2023
Overview of tax treatment of corporate reorganizations
In addition, they may be necessary when exploring new opportunities, and can be a tool to facilitate expansion in a constantly evolving business environment.
08/09/2023
Italy Shocks Banks With Windfall Profit Tax
For the time being, financial institutions in Spain and Hungary also have to pay a higher share to the state.
08/09/2023
Create your own retirement tax haven in the UK: Pensioners can receive £27,227 tax-free every year
A consolation for earners of a higher income tax environment is that they can take advantage of tax relief to boost their pension saving.
08/03/2023
New CGT data signals potential landlord exodus from UK buy-to-let market
This shows a considerable 15% increase in both CGT and gains from the previous year, while the number of taxpayers grew by a huge 20%.
08/03/2023
Jeremy Hunt oversaw signing of San Marino low-tax treaty backed by Tory donor
Maurizio Bragagni, who has given over £700k to Tories and £30k to chancellor, attended event
08/01/2023
Euro Tax Flash From KPMG EU Tax
Individual Member States can nevertheless opt for an early adoption of the rules.
07/28/2023
Proposed legislation published on taxation of certain outbound payments
The implementation of the proposal represents a critical part of the legal commitment made by Ireland to secure funding under the Recovery and Resilience Facility.
07/28/2023
Changes to IHT rules will impact APR and woodland relief
Agricultural Property Relief (APR) and woodland relief were extended to property located within the EEA in 2009 to ensure compatibility with EU law.
07/27/2023
17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
07/27/2023
Tax reliefs ‘have been abused’, say UK MPs
As treasury committee welcomes a ‘comprehensive and systematic review’ of the regime
07/21/2023
HMRC repays £56m in pension emergency tax amid cost-of-living crisis
There has been a significant increase in the number of claim forms processed, illustrating just how many people are turning to their pension pots to help them get by as the cost-of-living crisis intensifies.
07/21/2023
Non-dom regime: reform, replace or abolish?
Without doubt, the most radical option for the next government would be to abolish the non-dom regime altogether without adopting any alternative system.