Personal Tax

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Image for families hit ps315m inheritance tax bill gifting breaches

Tax | Families hit by £315m inheritance tax bill on gifting breaches

Complex gifting rules see rise in number of families hit with unexpected inheritance tax (IHT) bills totalling over £1bn in just four years due to mistakes when using the potentially exempt transfer (PET) period rules

14 Sep 2026

Tax | When is a director’s loan written off for tax purposes?

The Quillan decision at the Upper Tribunal addresses an important issue concerning the taxation of loans, particularly the meaning of a loan being written off, explains Matt Greene, partner, tax disputes at Stewarts Law

14 Sep 2026

Tax | ‘Not my job to say how an accountant does their job’, says HMRC MTD chief

Head of Making Tax Digital says HMRC has not yet decided how it will bring £30,000 cohort into quarterly reporting as officials weigh future role of automatic enrolment, stressing accountants still have major role to play

11 Sep 2026

Tax | Tax fears prompt 61% of millionaires to consider exit

Six in 10 millionaires consider leaving UK due to high taxes with fears of another exodus of high earners following talk of the departure of billionaire Chris Rokos

8 Sep 2026

Tax | Tax advisors will be only winners of aligning income tax and CGT

Sean Drury, partner and head of tax at Blick Rothenberg says equalising income tax and CGT rates would see a fundamental shift in taxing gains, creating more tax complexity and stifling investment, putting the UK out of sync with other G7 nations

8 Sep 2026

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Personal Tax

Tax Planning

Image for hmrc urges loan charge group accept settlement offers

Tax | HMRC urges loan charge group to accept settlement offers

Latest stage in the turbulent loan charge issue sees HMRC pressing taxpayers to respond to settlement offer, but legislation indicates may be some leeway for 90-day acceptance deadline

3 Sep 2026

Tax | Tax filing deadlines: Sep – Jan 2027

Corporation tax filing deadline for accounting periods ended 30 September 2025, second quarterly update for MTD

1 Sep 2026

Tax | Making Tax Digital is creating one long silly season

The first MTD filing deadline created a headache for overstretched accountants, with new quarterly reporting rules contributing to already rising workloads, warns Louise Walpole, commercial director of Advancetrack

1 Sep 2026

Tax | Crypto investors paid out £1.38bn in tax to HMRC

Bitcoin, Ethereum and Dogecoin investors reported £1.38bn of taxable capital gains to HMRC, with 240 taxpayers accounting for more than half the total

27 Aug 2026

Tax

Personal Tax

HMRC

Image for capital gains tax hits record ps242bn 89 surge

Tax | Capital gains tax hits record £24.2bn in 89% surge

Payments of capital gains tax soar by nearly double in single year to record £24.2bn, with annual increase of £11.4bn exceeding total amount collected any time between 1987 and 2020

27 Aug 2026

Tax

Personal Tax

Property Tax

Image for taxpayer blamed accountant ps17m vat penalty

Tax | Taxpayer blamed accountant for £1.7m VAT penalty

Tribunal rejects taxpayer claim accountant understated turnover for VAT returns leading to £1.78m personal liability notice, finding his behaviour was ‘deliberate’

25 Aug 2026

Tax | Families could face 91% tax hit on inherited pension pots

Tax on unused pensions could result in extra tax bill up to 91% of inherited pensions when unspent pots are brought within the inheritance tax net, warns NFU Mutual

25 Aug 2026

Tax | Tax traps for Harry and Meghan on return to UK

Molly Monks FIPA, director at Parker Walsh, explains the myriad tax pitfalls for the returning Sussexes, from the 183-day residency rule to tax on overseas earnings and multiple residences

21 Aug 2026

Tax

Personal Tax

Tax Planning

Image for lifetime gifting and inheritance tax

Tax | Lifetime gifting and inheritance tax

Pension pots will fall into 40% inheritance tax net from next April, making lifetime gifting a serious option to consider, but there are potential tax traps, explains Sarah Coles, head of personal finance at AJ Bell

21 Aug 2026

Tax | 79% of builders and tradespeople not ready for MTD

Wickes rolls out free Xero software to members as low awareness about MTD among tradespeople flagged with only one in five ‘fully prepared’ for quarterly reporting

20 Aug 2026

Tax | Salary sacrifice pension changes will cost businesses £2.9bn extra tax

Plans to carve out pensions from salary sacrifice with annual cap will increase tax bills by £2.9bn for employers while employees set to lose £800m a year

19 Aug 2026