Tax Blog

Simplifying Inheritance Tax: The Latest!

The Chancellor Philip Hammond has written to the Office of Tax Simplification (OTS) asking it to carry out a review into inheritance tax, which he said is “particularly complex” at present. In the letter, addressed to OTS chairman Angela Knight…
Read more

Best late tax returns excuses and expense claims

HMRC has exposed the most original excuses for late tax return and expense claims ahead of the 31 January deadline From being too busy touring the country to claiming to seeing aliens, the following excuses were all used in unsuccessful…
Read more

Millennials to secure ‘inheritance boom’! Or Will They???

Millennials will benefit from the biggest “inheritance boom” of any post-war generation, but it will be too late to solve housing issues and wealth inequality, a recent report says. Those who have parents and grandparents in the “baby boomer” generation…
Read more

The Future of Inheritance Tax Reliefs

HM Revenue & Customs has published research that was carried out independently on its behalf looking at the awareness of, and use made of, Agricultural and Business Property Relief (APR and BPR) for Inheritance Tax. It seems likely that this…
Read more

Autumn Budget next Wednesday

The Autumn Budget will be announced next Wednesday (22 November). Measures likely to be in it include: legislation to transfer non-resident companies currently subject to income tax and/or capital gains tax on UK property businesses into UK corporation tax; anti-avoidance…
Read more

Lawyers among most stressed – It’s Official

Lawyers are among the most stressed professionals in the UK, government figures show – and women are the worst affected. Statistics published by the Health and Safety Executive on work-related stress, depression or anxiety place ‘legal professionals’ third in a…
Read more

Half of accountants unhappy at work

Accountants were the fourth most affected professionals by low job satisfaction, just behind marketing, legal and hospitality professionals, a CV-Library survey of 1,200 professionals found. Of those working in the accounting sector, 70.8% have had a job that made them…
Read more