Tag: HMRC
‘I’m an inheritance tax expert – here’s why Rachel Reeves may crack down on gifting’
EXCLUSIVE: A potential cap on lifetime gifting would help prevent losses in death tax revenue as Brits find ways to shield their hard-earned wealth from IHT changes, an expert says. …
Eight taxes Rachel Reeves could target to plug £40bn hole in Autumn Budget
Speculation is rife about which taxes Rachel Reeves may target to help bridge the estimated £40bn hole in public finances. …
HMRC targets ‘personal expenditure’ in tax crackdown on UK households
An initial trial of the crackdown held last year exposed reporting inaccuracies among taxpayers. …
Inheritance tax rate and gifting rules explained as Rachel Reeves considers raid
Rachel Reeves may be plotting another inheritance tax raid for this year’s Autumn Budget. What are the rules now, and what could change? …
HMRC refunds worth £3800 issued to older Brits
HMRC has repaid £48.7million in overpaid tax between April 1 and June 30, with an average payment of £3,815 …
Labour to hit families with tax raid on pensions pots of deceased loved ones
HMRC has confirmed that death duties of up to 40% will apply to unspent private pension pots …
HMRC tax shock alert as millions to be hit by ‘surprise’ bill
The taxman is set to target a host of new people this year who might have no clue they are about to be hit with a levy. …
DWP and HMRC making major change to 10 benefits – full list
A number of changes will be made to benefits individuals and families receive in the coming days. …
Top 45% tax rate now hitting Middle Britain
HMRC figures show that 1.2million people will pay the additional rate this year …
HMRC issues 12 month tax warning set to impact 700,000 ordinary Brits
Four in five accountants view the tax change as the biggest challenge of the year ahead. …
