Tag: taxes
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 …
State pensioners warned they are ‘at risk’ of staggering £6bn stealth tax on savings
Older Brits are “particularly at risk” of being taxed, as many of them will have saved up “large cash reserves” before retiring. …
New vehicle tax changes to hit UK drivers from next month
The changes apply to drivers of electric vehicles …
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. …
HMRC catches out almost 1,200 more families in inheritance tax crackdown
The tax office has “substantial powers” when investigating people’s estates. …
Inheritance move thousands of wealthy families are making to cut tax rate by 4%
More than half of wealthy parents have taken this step to reduce inheritance tax liabilities for their loved ones. …
HMRC time limit explained as ‘you may not realise’ you have to pay this tax
You can reduce your tax bill if you plan ahead …
Savings allowances explained as Rachel Reeves approves tax crackdown
People with savings accounts may find HMRC automatically collecting tax because of their interest earnings. …
