HMRC has published guidance on how to value stocks and shares for inheritance tax purposes. It covers the various issues relating to the valuation of list shares and also those for...
Professional bodies are providing their members with advice on how to deal with HMRC letters demanding that they provide confirmation of their anti-money laundering (AML)...
From 26 January 2022, the probate application fee rose to £273 for estates valued at £5,000 or more. This is a flat fee that applies irrespective of who makes the...
A new tax on the profits that could arise when a business takes a valuable asset for its own benefit and, as a result, precipitates the collapse of an energy supply business, has...
The late filing penalty waiver for self-assessment tax returns filed by 28 February 2022 will also apply to the reporting of overclaimed Covid-19 grants, HMRC has...
HMRC has launched a call for evidence on how it can improve the UK’s customs system by simplifying processes for traders and embracing innovation. In particular, it is asking...
Health and social care levyHMRC has published new guidance on how National Insurance contributions will increase when the health and social care levy comes into effect on 6 April...
There are currently nine people in the making tax digital (MTD) for income tax self-assessment pilot, HMRC has confirmed. It explains this is because it is starting with a...
The 2022-23 thresholds for plans 2 and 3 student loans have been frozen at their 2021-22 rates of £27,295 a year and £21,000 a year respectively, announced Michelle...
The amount paid in inheritance for April 2021 to December 2021 was £4.6bn, according to HMRC statistics.Noting that is £0.6bn higher than the same period a year earlier...
From 6 April 2022 the interactive pdf known as HMRC’s online end-of-year expenses and benefits service, used to submit P11D and P11D(b) will no longer be available. Instead,...
Businesses in the UK are transforming to future-proof their tax functions against an array of persistent challenges that are disrupting the way they operate, according to the...