Nadia Cowdrey, partner at DMH Stallard, considers the pros and cons of putting assets in bare trusts to circumnavigate probate and pay inheritance tax on time
Farmers are still trying to reverse the inheritance tax changes which will begin in April 2026, but ministers ‘bluntly refused any suggestion of a compromise’ at a meeting this week
The latest HMRC performance report showed that wait times are improving for callers as a flood of new hires to call centres relieves pressure but 15% of callers still cannot get through
The owner of a Chinese takeaway has been given a lengthy bankruptcy order after claiming maximum covid loan for business which was not eligible for any money
The Financial Conduct Authority (FCA) has issued an eighth and final penalty of £1,662,700 to Mako Financial Partnerships for its involvement in the Danish cum ex tax fraud
As online platforms drop large amounts of transaction data at the door of HMRC, Andrew Parkes, national tax director at Andersen LLP, explains who’s likely to be targeted in follow-up compliance work
As the 1 April deadline approaches 550,000 house buyers are desperately trying to get their purchases through before reduced stamp duty reverts to 2022 rates
In a helpful move for salaried members of limited liability partnerships (LLPs), HMRC has been forced to change guidance on application of Condition C after Bluecrest decision
In this week’s Q&A, David Woolley, tax adviser at Croner-i, explains the impact of the 50/50 income rule in light of changes to tax rules for furnished holiday lets
The Insolvency Service has shut down a fourth company that sold fake hospitality packages to the British Grand Prix then cancelled the events but never issued refunds
The average salary in the UK increased to £39,000 in 2024 with accountants earning well above this at £54,300 a year while receiving average pay rises of 5%
The government has taken back oversight of local audit from the Financial Reporting Council with director of local audit taking external advisor role at MHCLG
Falling employer confidence has dented hiring intentions, with 32% of businesses planning to reduce headcount through redundancies or curbing recruitment
Tim Pinkney, director of professional standards at the Institute of Financial Accountants (IFA), examines the key risks and significant challenges for accountants and finance teams in the year ahead
A Glasgow based fraudster has been found guilty of cheating the Covid grant scheme out of £710,000 after pretending he owned 32 Greggs bakeries in Leeds