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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 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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Making Tax Digital Postponed

After facing overwhelming opposition from business owners and the accounting industry alike, Making Tax Digital will now be postponed for at least one year, potentially longer.Out of the 135 clauses in the Finance Bill 2017, seventy two have now been removed and will...

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Making Tax Digital

UPDATE: Due to the snap General Election held in June 2017, MTD has been postponed by one year and will begin from April 2019.Spring has arrived, and if you’re anything like me, you’re probably looking forward to a good spring clean.If so, you might be...

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