Tax

King Charles to not pay inheritance tax on Queen’s estate

King Charles III will not have to pay inheritance tax on the Duchy of Lancaster estate which he has inherited…

Read More »

Expanding windfall tax may threaten investment, OEUK warns

Offshore Energies UK (OEUK) has warned that windfall taxes could deter investment in the North Sea if they are further…

Read More »

CIOT calls on next PM to make ‘vital’ improvements to tax system

The president of the Chartered Institute of Taxation, Susan Ball, has written to both Rishi Sunak and Liz Truss setting…

Read More »

Budget anticipation sees 71% jump in firms choosing to close, says Mazars

Fears over increases in taxes on entrepreneurs have seen the run-up to Budget Day reportedly trigger a 71% jump in…

Read More »

MPs to investigate pros and cons of tax reliefs in new inquiry

The Treasury Committee has called for evidence on a new inquiry into tax reliefs, which aims to examine the tax…

Read More »

£134bn rise in tax burden in the last year, UHY reports

Last year saw the biggest increase in UK tax receipts since the millennium, reportedly rising by £134bn (23%) from £584bn…

Read More »

ATT welcomes proposals to simplify low income trust affairs

In its response to a recent HMRC consultation, the Association of Taxation Technicians (ATT) is said to welcome the proposals…

Read More »

Higher-rate taxpayers to hit record number in 2022-23

Accountancy firm Bates Weston has reported that the number of higher-rate taxpayers is set to increase in 2022-23, with a…

Read More »

Finance professionals struggle with MTD, survey shows

Finance professionals are reportedly still struggling with the switchover to Making Tax Digital (MTD) software, according to a new survey…

Read More »

Scottish tax measures for plastic packaging come into force

A ban has been in place since 1 June in Scotland on what has been referred to by the Scottish…

Read More »