Tax

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HMRC pockets £32m from tax avoidance scheme users

HM Revenue and Customs (HMRC) has secured almost all of the disputed tax due from the first group of tax avoidance scheme users to receive Accelerated Payment notices.

Tax | 15 Dec 2014
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Autumn Statement: 'Major cuts needed' to finance Osborne's giveaways

The Institute for Fiscal Studies (IFS) has warned major cuts to public services will be needed to finance the measures announced in the Autumn Statement.

Savings | 05 Dec 2014
empty house

Stamp duty: The reaction

The Chancellor’s ‘rabbit out of the hat’ for this Autumn Statement were the big changes to stamp duty. Here’s what the experts thought.

Mortgages | 03 Dec 2014
tax-burden

AS14: Personal allowance to rise to £10,600

The Chancellor will raise the personal allowance threshold to £10,600 in the next year, £100 more than initially planned.

Tax | 03 Dec 2014
home-property-management

AS14: Osborne bins 'single slab' stamp duty; unveils new tiers

The government is to do away with the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.

Mortgages | 03 Dec 2014
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AS14: ISAs to retain tax-free status on death

Chancellor George Osborne announced today that ISAs will retain their tax-free status when transferred after death.

Investments | 03 Dec 2014
google laptop

AS14: Osborne unveils 'Google tax' to hit multi-national dodgers

George Osborne has announced a 25% levy on profits made in UK by multi-national companies but diverted elsewhere.

Tax | 03 Dec 2014
A hand extended holding a bag of pounds - illustration

Received a windfall? Inheritance from an investment perspective

There is no harm in treating an inheritance as a bonus - to buy a car, or to fund a dream holiday - but it can be a means to build up some financial security that allows greater freedom.

Investments | 19 Nov 2014
digital-dead-end

BLOG: A toxic legacy

Perhaps the only surprise in the recent news that over a quarter of families fall out after the death of a loved one, is that the number is so few.

Wills | 13 Nov 2014
helen-white

BLOG: Cuts are not the way to reduce welfare spending

Realistic reductions in the cost of welfare will not come from further cuts but from lessening the reliance on the state, argues Helen White of the Association of British Insurers (ABI).

Insurance | 10 Nov 2014
notting-hill

Savills: Mansion tax could wipe 10 per cent off value of top London homes

Labour's mansion tax could knock millions off the value of some streets in prime central London, according to a report by Savills.

Mortgages | 10 Nov 2014
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What you need to know about your personal tax summary

People across the UK will start to receive their personal tax summaries this week. HMRC has issued a 7-point guide to the new statements.

Tax | 03 Nov 2014
hmrc-closing-in-advert

HMRC crackdown pushes tax evasion prosecutions up by a third

The number of people being pursued through the courts for tax evasion has risen by almost a third in the last year, as HM Revenue & Customs (HMRC) steps up its efforts to close the UK's £35bn tax gap.

Tax | 13 Oct 2014
Scotland flag

Scots abolish 'slab' Stamp Duty; Homes worth over £250k hit with 10% tax

Homebuyers in Scotland purchasing property worth over £250,000 will face a soaring tax bill from April next year as Stamp Duty is abolished in favour of a new levy called the Land and Buildings Transaction Tax.

Mortgages | 10 Oct 2014
tax

Equilibrium plans AIM portfolio to reduce IHT costs

Equilibrium Asset Management is to launch its own AIM portfolios to help clients mitigate the cost of inheritance tax.

Investments | 07 Oct 2014

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