More recent posts
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Office of Tax Simplification reviewing IHT complexity
The Office of Tax Simplification (OTS) is reviewing the inheritance tax (IHT) regime to identify whether unnecessary complexities exist, and has issued a public call for views and…
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Stamp duty receipts soar to 10-year high
Stamp duty land tax receipts in 2017/18 were higher than at any time in the previous 10 years. £9.3billion was collected on residential property transactions alone, with close…
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Reporting expenses & benefits
P11D forms Employers have until 6 July 2018 to submit their annual P11D and P11D(b) forms to HM Revenue & Customs (HMRC) reporting relevant employee benefits and expenses…
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Personal representative liable for inheritance tax due
A personal representative who transferred a deceased’s estate to a beneficiary who has apparently now vanished to Barbados has been told by the First-Tier Tribunal that he must pay…
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2018/2019 Tax year – taxing times for individuals
The 2018/19 tax year is now well underway. Below is a summary of some of the changes to tax allowances, to assist individuals to plan as the tax…
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Inheritance tax (IHT) revenues hit record high
IHT receipts hit a new record high of £5.3billion in 2017/18; a 13% increase on the £4.7billion collected in 2016/17. David Nash, Partner said “The continual increase in…
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Employment Related Shares – reporting deadline 6 July 2018
Where an employee or Director has received shares or share options in their employing company in the tax year to 5 April 2018 these will, in most cases,…
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State aid approval for EMI share options expired on 6 April
HMRC has announced that EU state aid approval for the Enterprise Management Incentive (EMI) Scheme expired on 6 April 2018. The Government has been following the process of…
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Highlights of the 2018 Spring Statement
13 March 2018 marked the first ever Spring Statement, which has replaced the Spring Budget. The main purpose of the Spring Statement was not to announce immediate tax…