Personal Tax

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Image for how avoid large tax bill when cashing pensions

Tax | How to avoid a large tax bill when cashing in pensions

With inheritance tax on pension pots just months away, beware the risk of cashing in pensions quickly without assessing tax implications, warns Mike Ambery, retirement savings director at Standard Life

29 Jul 2026

Tax | Number of millionaires drop 7% since election

Flight of wealthy from UK blamed on ‘hostile culture for wealth creators’, as calls for wealth tax grows

28 Jul 2026

Tax

Personal Tax

Politics

Image for hmrc inheritance tax probes claw back ps13bn

Tax | HMRC inheritance tax probes claw back £1.3bn

Sporadic but large tax take from inheritance probes, with over £1bn collected over last five years

28 Jul 2026

Tax

Personal Tax

HMRC

Image for chancellor urged end circus budget speculation

Tax | Chancellor urged to end ‘circus’ of Budget speculation

Healey warned over past mistakes with leaks and speculation leading to billions of pounds being withdrawn early from pensions

27 Jul 2026

Tax | Retirees hit with £87m tax bill after cashing in pension pots

Brits fully cashing in pension pots worth £100,000 or more handed over at least £87.2m in tax in just six months

24 Jul 2026

Tax | 400k need to register for MTD by 7 August filing deadline

Over 400,000 landlords and self employed still not signed up to MTD for Income Tax if have £50,000 qualifying income with first quarterly return deadline only two weeks away

24 Jul 2026

Tax | Reporting student loans under Making Tax Digital

HMRC has clarified how to report student loans under new Making Tax Digital (MTD) rules for earners with over £50,000 in qualifying income, including buy to let landlords and self employed, from August

23 Jul 2026

Tax | Prediction markets and tax: what accountants need to know

Ben Lee, crypto tax partner, and Dion Seymour, director at Andersen LLP, examine the tax complexities and potential HMRC pitfalls for taxpayers using crypto-based prediction markets after usage took off during the World Cup

23 Jul 2026

Tax | HMRC recklessness conduct offence extends scope of powers

Plans for new criminal offence of giving reckless untrue statements or declarations to HMRC by taxpayers, and publication of personal liability notices (PLN) breaches, signal major shift in tax compliance landscape, warns Adam Craggs, head of the tax and investigations team at RPC

22 Jul 2026

Tax | 65k tax warning letters sent to crypto investors by HMRC

Clampdown on crypto ramps up as HMRC sends 64,982 tax warning letters about capital gains tax (CGT) liability to investors

20 Jul 2026

Tax | Close companies and director’s loans in firing line

Stephanie Levin, partner at Blick Rothenberg, explains the proposed rules and potential pitfalls for close companies and owner managed businesses as HMRC ramps up scrutiny of directors’ loans

15 Jul 2026

Tax | 7.2m paid higher rate tax this year with number up by 16%

Frozen thresholds are carving out income with nearly 700,000 extra higher rate taxpayers in a single tax year, while top rate payers set to pass one million mark, offficial figures from HMRC show

15 Jul 2026

Business | Equalising capital gains with income tax would be ‘act of economic self-harm’

Hiking capital gains tax (CGT) as high as 45% is not only a bad idea but a category error, with potential for treble taxation and no indexation, argues Andy Oury, owner partner

15 Jul 2026

Tax | Inheritance tax risks and pension pot calculations

Bringing pension pots into inheritance tax (IHT) calculations will create complexity and compliance risks for personal representatives handling estates, warns AJ Bell

14 Jul 2026

Tax | Edinburgh pays most income tax after London’s £71bn bill

Londoners pay nearly 12% more in income tax in a single year hitting record £71.5bn, HMRC figures show, with Scottish capital Edinburgh in second spot at £2.97bn

13 Jul 2026

Tax

Personal Tax

Tax | The King, the top 100, and wealth taxes

When the King’s tax bill was revealed, claims of being one of the highest taxpayers in the land were wide of the mark, but talk of a new wealth tax makes no sense, says Andy Oury, owner partner at Oury Clark

7 Jul 2026