Money withdrawn flexibly from pensions rose 15% in 2022-23, according to HMRC statistics. Some £12.9bn was taken, up from £11.2bn a year earlier and £9.3bn a year...
The proportion of deaths resulting in inheritance tax is set to grow to over 7% by 2032–33, with one in eight people (12%) expected to pay the tax by this date, according to...
Many businesses are unprepared for the impact of the EU’s carbon border adjustment mechanism (CBAM) and run the risk of penalties or delays to their supply chain if they are...
Tax report for G20
The Organisation for Economic Co-operation and Development secretary-general’s tax report to G20 leaders has been published.
tinyurl.com/oecdg20taxrep
Liverpool...
There is widespread dissatisfaction with HMRC service levels among both tax agents and taxpayers, according to a survey conducted by the Chartered Institute of Taxation. Most...
HMRC has updated its guidance to explain what holders of certificates of tax deposit (CTD) need to do before the scheme closes on 23 November 2023. It recommends that holders...
Almost half of all research and development (R&D) relief claims made between 8 August 2023 to 3 September 2023 were submitted to HMRC without the required additional...
Agents may have to wait longer than normal to speak to an adviser on the agent dedicated line (ADL), especially at peak times, HMRC warns.This is because, from 2 October 2023, the...
Child trust fundsAlmost 430,000 18-21 year olds with an unclaimed child trust fund, worth an average of £2,000, are being urged by HMRC to claim their cash as part of UK...
It is going to be very difficult for the government to deliver meaningful simplification to the tax system without a clear plan, focused resource, accountability and investment,...