Currently around 11m of us file a tax return by that awful deadline of 31st Jan. That might sound...
HMRC
“TV presenter wins 10-year IR35 battle against HMRC”
The infamous ‘IR35’ dates from the Gordon Brown (kids etc.) era. It was intended to stop...
“Inheritance tax on course for record year of receipts (again) amid calls to scrap it”
Will he/won’t he abolish Inheritance Tax? The Pre-Budget rumour is still out there, perhaps...
“IHT to be ‘battleground policy’ in general election as receipts continue to grow”
Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and...
“Donating to charity via a will could see beneficiaries profit”
Including gifts to charity in your will is a nice thing to do, but it’s often only for those...
“HMRC scraps plans to tax pensions after death”
A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the...
“Raising IHT threshold could cost government £6bn”
Well, the lesson of this week in politics must be to expect the unexpected. Or, alternative...
“Talking to clients about cohabitation, intestacy and inheritance”
You’d be surprised at how many we meet who’ve never ‘got around’ to getting married, sometimes...
“Top Tories want to cut Stamp Duty or abolish Inheritance Tax after by-election thumpings, reports”
I have to say my first reaction to this was anger, that these ‘Top Tories’ would think that enough...
“Treasury collects £2.6bn in 13 weeks as IHT receipts rise”
Any government’s enthusiasm for controlling inflation must be tempered by its benefits to the...
The Lifetime Allowance Dilemma
So here’s a horny dilemma. The Lifetime Allowance was (mostly) abolished in the last Budget. I say...
“Investors lose appeal over film tax avoidance scheme”
I remember these sorts of schemes being heavily promoted to us as financial advisers a few years...
“HMRC repays ‘sky high’ UK pension emergency tax as total bill tops £1bn”
This annoys a lot of people, and we, as the messenger, often get the blame. Taking a one-off,...
“HMRC rakes in record high of £7.1bn in IHT receipts”
This is hardly a surprise, of course. A decade and a bit of rising house and asset prices, while...
“HMRC U-turns on lifetime allowance death payments change”
The devil is always in the detail. Yes, the pension lifetime allowance has been abolished;...