Inheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that cannot and should not be avoided.
Category Archives: Tax News
How SMEs should prepare for and handle tax investigations
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area.
Is your business ready for the new tax year?
Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead.
Supreme Court rules roof replacement company must pay £2.5 million VAT bill
A roof replacement company has been hit with a £2.5 million tax bill after a ruling that the insulated roof panels it supplied did not qualify for a VAT-reduced rating.
Self-Assessment taxpayers warned of next payment deadline
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent.
Thousands file tax returns on Christmas Day
More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.
Corporation Tax rise axed as Chancellor aims for growth
Chancellor Kwasi Kwarteng’s mini-Budget has scrapped a planned rise in Corporation Tax as part of a wide-ranging raft of tax-cutting measures announced last week.