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We share up to date news and blog posts from the worlds of finance, business and tax. If you’d like to subscribe and receive quarterly email newsletters from us collating the most relevant blogs and articles, please scroll down and submit your email address.

Tax Rises Needed to Pay for Boosts in NHS Funding

The Prime Minister, Theresa May, announced in a speech in London on the 18th June that the public would need to pay more in order to pay for the boost in NHS funding. Theresa May promised in the speech that this would be done in a “fair and balanced”...

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Inheritance Tax Payments Hit Record High

According to leading private client firm Wilsons, HMRC collected a record high of £5.3 billion through inheritance tax (IHT) last year. This figure reveals a 13% increase compared to 2016/17 which saw £4.7 billion paid in IHT.The record sums in IHT...

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Tax Rise of £40bn Needed to Cut Deficit

A think tank has warned that annual tax rises of £40bn are needed by the mid-2020s if the government keeps spending constant and wants to balance its books by 2025. A tax challenge has emerged whereby the government is struggling to collect as much tax as it...

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Thousands to be Penalised for Late Tax Returns

Of the 11.4 million people due to file their tax return, many rushed to meet the deadline. Figures showed that 758,000 people submitted their tax returns online on the final day, and 30,000 of those submitted it within the final hour. Now, 745,000 people are at risk...

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Making Tax Digital for Business

What is MTD?Making Tax Digital for Business is the government’s latest reworking of the tax system, and will begin to take effect from April 2019 for businesses that fall under the VAT threshold (currently £85,000).According to the latest information from...

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Inheritance Tax and the New Family Home Allowance

In the last twelve months, families with recently deceased relatives have paid a record £5 billion in inheritance tax. This is an increase of 9 per cent on the previous year, which saw £4.7 billion paid to HMRC in IHT.Receipts for April and May 2017 were...

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