Tax News - December 2014
From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:
Charity gifts offer IHT advantages
Christmas is a time for giving and with that in mind, it’s worth remembering that gifts to charity – at Christmas or at any other time – are exempt from inheritance tax (IHT).
Tax debt recovery safeguards strengthened
The government says it has improved safeguards to protect vulnerable taxpayers in its plans to recover tax and tax credit debts directly from taxpayers’ bank accounts.
856,000 claim Employment Allowance
Almost one million employers are benefitting from the Employment Allowance across the UK, according to new figures.
Tax tribunals backlog hits new high
The backlog of tax disputes waiting to be heard has reached a record high, new research has found.
VAT service for digital businesses open for registration
Thousands of UK businesses supplying digital services to consumers across the European Union (EU) can now register for a new online VAT service.
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