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.
Tax
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.
10/16/2023
KPMG hit with record fine for Carillion role
When it entered liquidation it cost almost 30,000 jobs, and jeopardised the delivery of a number of keystone services.
10/16/2023
HMRC staff will begin working three-day weeks from next year in bid to improve 'unacceptable' customer service levels
Staff will work shorter hours in quiet months and longer shifts when it's busier
10/10/2023
Freeze on tax thresholds 'will have long-lasting effects'
Not least because it would break a manifesto commitment.
10/04/2023
High-tax, high-spend, big-state Britain is here to stay, whoever is in power
All signs point to a Labour election win next year – but don’t expect much to change in how the UK is governed
10/03/2023
Personal finance tax incentives to hit £35bn this year
This comes as the government encourages saving
10/03/2023
Despite split distractions, EY records best financial year ever
Consulting also jumped ahead of Assurance in terms of personnel
10/03/2023
Tax practice acquires West Lancashire firm
The practice also assists offshore banks and trust companies throughout Europe with UK tax issues.
10/02/2023
UK financial services group buys tax advice firm
In a bid to bolster its offering for UK-resident non-doms
09/29/2023
Retirement planning: How to pay less tax
Married couples and people in civil partnerships can double most of these tax-free amounts by using both sets of allowances.
09/27/2023
IFS: scrapping inheritance tax hands £1mn to richest 1%
While the more than 90 per cent of estates not paying inheritance tax would not be directly affected by such reform.
09/25/2023
Italy waters down its bank tax
The widely criticized tax sent Italian bank stocks plummeting last month.
09/25/2023
Italy tweaks bank tax to give lenders option to boost reserves
Last month, Rome dealt a surprise blow to its lenders by imposing a one-off 40% tax on income derived from higher interest rates
09/22/2023
IHT receipts show fresh year-on-year rise
This is likely to be the result of allowances* being frozen until at least 2028 combined with inflationary growth of asset values.