11/23/2023
Autumn Statement 2023: life sciences businesses to benefit from R&D tax changes
An enhanced 27% tax credit will be available to small or medium enterprises (SMEs) that spend 30% of total expenditure on qualifying R&D.
Tax
11/23/2023
HMRC scraps plans to tax pensions after death
Under current rules, if you die before 75 your beneficiaries can inherit your defined contribution pension tax-free if it is under your lifetime allowance.
11/22/2023
Shakira tax fraud case highlights perils of cross-border tax requirements for ‘nomadic’ UHNWs
Shakira settled a €14.5 million bill in Spain that hinged on where the singer lived during the disputed period. It's a case that highlights common pitfalls faced by jet-set UHNWs, say experts
11/21/2023
Public sector finance data fans flames of speculation of tax cuts tomorrow
Tomorrow's Autumn Statement is poised to be a pivotal moment, with the government facing mounting pressure to ease the tax burden.
11/21/2023
Tax receipts climb ever higher as Chancellor weighs up cuts at Autumn Statement
This huge growth illustrates why the Chancellor is weighing up tax cuts for tomorrow’s Autumn Statement to boost popularity with the electorate ahead of an election year.
11/21/2023
IHT receipts reach £4.6bn ahead of Autumn Statement announcement
As people eagerly wait to hear what is in store for the tax
11/13/2023
UK banks caught up in Europe's biggest-ever tax fraud of £10billion
The so-called Cum-Ex case involves alleged dividend tax frauds that are estimated to have cost German taxpayers alone nearly £10billion.
11/13/2023
Increasing the inheritance tax threshold will pull 12,500 families out of IHT annually
Quilter’s calculations show this reform would cost the Treasury on average £1.4 billion per year and prevent around 12,500 families paying inheritance tax each year.
11/10/2023
Autumn Statement 2023
Inheritance tax, stamp duty, the triple lock... What could be in the Chancellor’s speech?
11/10/2023
Government approves draft decree including significant international tax measures
As an alternative to the effective tax rate test—for audited foreign entities
11/08/2023
How to prepare your taxes for 2024 if you’re a HNW
Tax advisers tell Spear’s how HNWs can get their affairs in order before the 31 January self assessment deadline and the new tax year in April
11/02/2023
BDO forms new commercial advisory team
BDO is an accountancy and business advisory firm with a global network in 167 countries, and with 1,600 offices worldwide.
10/30/2023
The end of an era: Portuguese Non-Habitual Residents regime to end
We discuss the impact of this change (from 1 January 2024 onwards) and what this might mean for UK resident non-UK domiciled taxpayers.
10/27/2023
Overpaid tax on pensions almost doubles as savers dip into pots
This is an increase of £5mn from the second quarter when HMRC said it had repaid £56.2mn.
10/27/2023
EU tax observatory advocates for global minimum wealth tax
In contrast, affluent individuals who do not employ these loopholes face income tax rates ranging from 20 percent to 50 percent the report highlights.
10/25/2023
Billionaires should face a minimum tax rate, report says
There are around 2,500 billionaires with a combined wealth of $13 trillion.
10/20/2023
Treasury collects £3.9bn in IHT receipts ahead of record-breaking year
Receipts rise again by £400m at the halfway mark
10/18/2023
Scrapping inheritance tax reliefs could send farms and small businesses to the wall
These reliefs have previously attracted criticism, with the implication being that wealthy individuals may invest in farmland or small businesses purely to shield their wealth from IHT.
10/17/2023
No room for tax cuts or spending rises, IFS think tank warns
But this warning against tax cuts comes at a time of a significant rise in the tax burden.
10/17/2023
No room for tax cuts or spending increases, IFS warns
The institute said one problem is that debt interest spending is so high and targets to cut this are not leaving any headroom for tax cuts.