Tax News

Inheritance Tax collections in the UK Rise to £7.5 billion amid ongoing tax reform debates


Inheritance Tax (IHT) receipts in reached approximately 7.5 billion British pounds in 2023/24, marking a rise from 7.09 billion pounds ...

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HMRC income tax receipts rise by £2 billion


HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period ...

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New tax year – New tax rules


With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in ...

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How does taper relief really work?


Inheritance Tax (IHT) is a tax on the estate (the property, money, and possessions) of someone who has died. While ...

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What are the implications of MTD for ITSA for SMEs?


The introduction of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is going to create some upheaval within ...

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Run your business from home? Get to know your VAT entitlement


If you are a business owner and work or run your business from home, then you may be entitled to ...

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Overhaul of non-dom tax status – What does it mean for those affected?


You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that ...

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Spring Budget ushers in property tax shake-up


The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an upcoming general election. Although the headlines ...

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IHT survives another Budget, here’s how to protect your estate from it


Many were hoping for Inheritance Tax (IHT) to be scrapped in the recent Spring Budget, but the Chancellor has made ...

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