HMRC backs down from pension tax case
Jun 03, 2019
HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy. As a result, this could mean savers who have accidentally breached their lifetime allowance fixed protection ...
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Victims of scams to be refunded by banks
May 30, 2019
Thousands of people who fall victim to scams are to receive new protection after a number of the UK’s biggest banks agreed to introduce a new code. The code will give people better protection against authorised push payment scams, where victims ...
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Are you aware of the inheritance tax risks associated with gifting?
May 20, 2019
According to new research conducted by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS), only one in four people who make financial gifts are aware of the inheritance tax (IHT) risks. The research found that ...
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Workers could be missing out by not checking personal tax accounts
May 16, 2019
According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts. In 2015, HM Revenue & Customs (HMRC) introduced the Personal Tax Account to try and make it ...
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Does HMRC treat all businesses fairly?
May 13, 2019
According to a recent British Chamber of Commerce (BCC) survey, three in five businesses (58 per cent) believe the tax system is “fundamentally unfair”. The figures have revealed that out of 1,000 respondents, 67 per cent said they don’t feel HM ...
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Shareholders powers are not tackling excessive executive pay issues
May 09, 2019
Measures that were implemented to give shareholders the powers to veto excessive executive pay packages have failed according to new research from a think tank. Rules were put in place back in 2013, which meant all listed firms have had to ...
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More millennials saving towards financial future
May 02, 2019
According to research published by digital bank Revolut, a greater number of millennials are taking steps to prepare for their financial futures than previously thought. In the last few years, there have been several studies attempting to highlight a pattern that ...
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HMRC reveals inheritance tax payments have hit a record high
Apr 29, 2019
According to data released by HM Revenue & Customs (HMRC) inheritance tax (IHT) payments have hit a record high. In the 2018-19 tax year, IHT receipts grew by £160 million to a total of £5.4 billion. During the next two years increases ...
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European Union agrees minimum rights for gig economy workers
Apr 25, 2019
The European Union has announced an agreement on minimum rights for workers who are in casual or short term employment within the gig economy. Members of the European Parliament (MEP) approved the improvements in rights for workers, which will be made ...
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Government announce further support for UK businesses
Apr 18, 2019
The Government has announced a further wave of financial support for UK businesses in a bid to ensure that innovative firms are able to access the finances they need to grow. The additional £200 million will go towards supporting high growth ...
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