In 2020-21, HMRC received £5.76bn in inheritance tax, according to HMRC statistics. This is a rise of £0.8bn (16%) compared to the previous year. The rise in...
Investment zoneSouth Yorkshire has been named as the first UK investment zone. It is focused on advanced manufacturing and includes the University of Sheffield and Sheffield Hallam...
The July edition of HMRC’s Agent updateincludes articles on the extension to 5 April 2025 for taxpayers to pay voluntary National Insurance contributions, influencing clients...
The government is considering making changes to two types of employee trusts: employee ownership trusts (EOTs) and employee benefit trusts (EBTs).The aim is to ensure that these...
The government is consulting on how the tax system can support employers to increase provision of occupational health for their employees. It is accompanied by a Department for...
New data from HMRC shows that £1.13bn in research and development (R&D) tax relief was handed out due to error and fraud in 2020-21. This represents 16.7% of all the...
Finance Act
Finance (No 2) Act 2023 received royal assent on 11 July 2023.
tinyurl.com/faroyalassent
Tax credits
Almost 28,000 individuals have used the HMRC app to renew their...
Labour Party proposals to remove tax breaks for private schools, including exemptions from VAT and relief on business rates, would raise tax revenues by about £1.6bn,...
HMRC is trialling a taskforce to process post over 12 months old. The team aims to reduce the number of very old outstanding cases significantly over the next few months.The...
Scrapping the pension lifetime allowance in this year’s Budget is having a significant effect on pension saving and retirement planning among higher rate taxpayers, new...
A consultation from the Treasury looks at potential measures to address 'avoidance, evasion and poor rating agent behaviour within the business rates system'.The purpose of this...
Local authorities in Scotland would have the power to add a tax to overnight accommodation, such as hotels, bed and breakfasts, holiday rentals and campsites under new legislation...