The Centre for Policy Studies has urged reform of carbon pricing to ‘ensure polluters are paying for the damage they cause’, in a report released and backed by Stanley Johnson
Inheritance tax remains an area of concern for 40% of people, who say they are concerned about paying the death tax, while the majority (70%) are doing nothing to reduce a potential bill
As inheritance tax take increases by a third, it is time to think about more efficient wealth and tax planning, and practical solutions to protect your wealth, explain Simon Dawson, chief commercial officer, Legacy Release, and Imogen Lea, tax and trust consultant, Wilsons Solicitors LLP
HMRC has extended the trial of a pre-release version extension of its PAYE for the agent’s online service which allows agents to see employer liabilities and payments
The Making Tax Digital initiative, which the government states should be ‘making it easier for individuals and businesses to get their tax right’ has significantly increased costs and admin burdens for small firms
HRMC has issued an order to seize £26.5m worth of cash allegedly obtained fraudulently through the furlough scheme from ‘non-existent’ businesses run by an ‘entrepreneur’
Changes to the licensing rules for taxi drivers will add a requirement to check their tax compliance before issuing new licenses in a bid to tackle tax evasion from 2022
Salaries are rising at the fastest rate in 24 years, but wage inflation could lead to millions being less well-off as tax burden grows, warns Blick Rothenberg
Chancellor Rishi Sunak could introduce cuts worth £2bn for government departments tasked with meeting the Tories’ flagship ‘levelling up’ agenda despite the biggest tax rise in a generation
The UK’s accountancy institutes are concerned that without an improved basis period reform then Making Tax Digital (MTD) for income tax will not be successful
HMRC is reminding taxpayers to check that they have the correct information in order to complete their paper self assessment tax returns by the month end deadline