In the Budget, the Chancellor announced plans to cut the air passenger duty rate on the return leg of flights but signalled a new higher rate for ultra long haul trips
In a welcome move for residential property owners, the Budget Red Book confirmed that the current 30-day capital gains tax (CGT) payment window will be extended to 60 days
There has been a 62% rise in capital gains tax receipts in the last five years, increasing by more than 50% to £11.5bn in 2020-21, compared to £7.1bn in 2015-16
HMRC launched 3,574 investigations into inheritance tax (IHT) in the financial year 2020-21 which gave the tax authority an additional £254m in tax revenue
Despite a one-year delay to implementation, it is important to start preparing for Making Tax Digital for income tax self-assessment (MTD for ITSA) now that regulations have been made legislating the start date and implementing the rules, says Meg Wilson, tax writer at Croner-i
Hayden Bailey, private client partner at Boodle Hatfield considers some of the pros and cons of individuals paying themselves dividends from their company, as well as the risks involved
In this month’s tax receipts, inheritance tax (IHT) has increased by £700m with HMRC collecting a total of £3.1bn in six months compared with £2.4bn for the same period last year
The Chartered Institute of Taxation (CIOT) is calling on the government to set out how it plans to use the tax system to help meet its net zero ambitions
A raft of tax changes is due to come into effect before the end of the year in Spain including a wealth tax, increases to income tax and property tax revisions. Claudio Rodríguez Vera, international tax barrister at Del Canto Chambers unpicks the plans and considers visa options
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