Latest News

Watch out for retirement ‘tax traps’ - July 20, 2018
News Article

The persistent warm weather this summer and the opportunity to get out and do more makes a lot of people in later life think about retiring. Before they do, however, it is important to think about getting…
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Bold call to replace IHT with ‘completely new’ system - July 20, 2018
News Article

Inheritance Tax (IHT) appears to be one of the most unpopular taxes in the UK and is regularly criticised by both families and policymakers alike. However, independent think tank the Resolution Foundation…
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Errors with HMRC’s dynamic coding system could lead to double taxation - July 20, 2018
News Article

MD Consulting are warning our clients to watch out for flaws in HM Revenue & Customs’ (HMRC) ‘dynamic coding’ system which, in some cases, can end up in double taxation. In fact, taxpayers could…
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Can ‘surplus income’ rules save you money on IHT? - July 20, 2018
News Article

A little known Inheritance Tax (IHT) trick could save your family a significant amount of money when it comes to administering your estate. This is how it works. ‘Surplus income’ rules Surplus income…
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Building contractors will have to comply with complex new VAT rules - July 17, 2018
News Article

Those working in the construction and building industry are being encouraged to get to grips with a new way of accounting for VAT. Draft legislation, subject to consultation until 20 July, provides that…
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More than two-fifths of small business owners are still unaware of MTD - July 17, 2018
News Article

According to a new study, Making Tax Digital (MTD) is currently one of the biggest concerns for VAT-registered small business owners. The research, prepared by Intuit QuickBooks, found that more than three-quarters…
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A quarter of dads may be missing out on paternity pay, according to a new report - July 17, 2018
News Article

The TUC has launched a new campaign calling on the Government to extend paternity pay to more workers, after discovering that a quarter of fathers may be missing out. It found that of the 620,000 new working…
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Professionals call on Treasury not to lower VAT threshold before MTD and Brexit - July 17, 2018
News Article

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the…
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UK’s tax gap continues to fall - July 17, 2018
News Article

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall. The Revenue has revealed that the tax…
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‘Bank of Mum and Dad’ feels the squeeze - June 4, 2018
News Article

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). While buyers who received assistance from their…
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Latest News

20
Jul
Watch out for retirement ‘tax traps’

The persistent warm weather this summer and the opportunity to get out and do …
Read more…


20
Jul
Bold call to replace IHT with ‘completely new’ system

Inheritance Tax (IHT) appears to be one of the most unpopular taxes in the UK …
Read more…


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Spring Statement 2018

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