Tax

HMRC launches 3,600 investigations into IHT in past year

HMRC opened 3,574 investigations into Inheritance Tax (IHT) in 2020-21, netting an additional £254m in revenue, according to Pinsent Masons.…

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AAT calls for 30 day CGT reporting limit to be doubled

The Association of Accounting Technician (AAT) has revealed it is “increasingly concerned” about changes to reporting requirements for Capital Gains…

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Finch and Associates welcomes new head of tax

Finch and Associates has continued its expansion with the appointment of business adviser Seb Hassan-Ally as its new head of…

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UK legal and accounting sector pays £20.5bn in tax, TCUK says

The UK legal and accounting sectors contributed £20.5b in tax in 2020, up 5.4% from 2018, according to the latest…

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Claritas Tax adds five new team members

Claritas Tax has expanded its team with the announcement of five new recruits to their full-service tax business. The five…

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Inheritance tax bill surpasses £6bn for first time

The amount of inheritance tax paid by taxpayers soared by 19% to more than £6bn for the first time ever,…

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Quantuma MDs appointed as Derby County FC administrators

A trio of managing directors at business advisory firm Quantuma have been appointed as joint administrators of Derby County Football…

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HMRC recovers £4bn in taxes amid increase in investigations

HMRC’s investigations and compliance work saved £4bn in taxes from being lost in the last quarter, nearly double the £2.2bn…

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CIOT urges gov to delay MTD proposals

The Chartered Institute of Taxation (CIOT) has urged the government to delay the Making Tax Digital (MTD) for income tax…

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ReSolve appointed as administrators to Hiber Energy

ReSolve, the UK business advisory and investment practice, has revealed it has been appointed as administrators of Hiber Energy Ltd.…

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