Inheritance Tax (IHT) has proven a popular avenue for the Chancellor Rachel Reeves as she attempts to balance the Government’s books and there is growing belief that she could introduce further measures on IHT later this year.
The UK’s economic picture remains uncertain ahead of the Autumn Budget and with the economy growing at a very slow pace, investors and taxpayers are feeling the pinch with a record number set to face a Dividend Tax bill.
As the Government attempts to balance its books, HM Revenue and Customs (HMRC) has revealed over 2.6 million taxpayers will be hit with tax bills on their savings.
If you have concerns about the long-term state of the British financial infrastructure, you are not alone, as the Business and Trade Committee (BTC) shares your concerns.
HM Revenue and Customs (HMRC) has launched an initial trial that will end the sending of Corporation Tax reminder letters.
Most of us have heard the frightening statistics that half of new businesses fail within three years of opening.
HM Revenue and Customs (HMRC) have begun to roll out its ambitious Transformation Roadmap and the first announcement from this, is a brand-new system for workers to take control of their tax affairs.
Anyone even tangentially involved in UK economics will have noticed that the future is not looking bright.
As the Autumn Budget approaches, there is plenty of noise surrounding Rachel Reeves’ plans for current tax rates, whether there will be increases, freeze extensions and the potential introduction of new tax rates.
In addition to rising operating costs and economic uncertainty, many businesses are finding themselves at risk of losing out due to environmental taxes.