Tax News

HMRC targets overseas taxpayers


HM Revenue & Customs (HMRC) has continued to run campaigns to ensure that overseas workers, registered in the UK, are ...

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The impact of increased Corporation Tax receipts for business owners


HM Revenue and Customs (HMRC) has recently reported a significant increase in Corporation Tax receipts for 2022/23. The receipts have ...

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Mitigating Inheritance Tax: The four most common mistakes


Inheritance Tax (IHT) planning is essential to ensure that your beneficiaries receive the maximum benefit from your estate. However, many ...

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Could you enjoy a slice of the £1.6bn creative industry tax reliefs?


If your company is involved in the creative industry, then it could be eligible for significant tax relief from the ...

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Inheritance Tax – Why more people are giving gifts early and the seven-year rule explained


Inheritance Tax (IHT) isn't just about the money, property, and possessions of someone who has passed away. It also covers ...

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What you need to know about the High-Income Child Benefit charge and the upcoming changes


The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility ...

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£56 million overpaid in pension tax


In the second quarter of 2023, overpayments on pension tax in the UK reached £56 million. This was an increase ...

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New R&D supplementary information form in effect


As of 8 August 2023, all Research and Development (R&D) Tax Credit claims require the submission of an online Additional ...

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HMRC sets its sights on SMEs over UK tax gap


The tax gap in the UK – the difference between the amount of tax owed and the amount that has ...

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