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Bold call to replace IHT with ‘completely new’ system - July 20, 2018
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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… |
Errors with HMRC’s dynamic coding system could lead to double taxation - July 20, 2018
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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… |
Can ‘surplus income’ rules save you money on IHT? - July 20, 2018
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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… |
Building contractors will have to comply with complex new VAT rules - July 17, 2018
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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… |
More than two-fifths of small business owners are still unaware of MTD - July 17, 2018
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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… |
A quarter of dads may be missing out on paternity pay, according to a new report - July 17, 2018
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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… |
Professionals call on Treasury not to lower VAT threshold before MTD and Brexit - July 17, 2018
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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… |
UK’s tax gap continues to fall - July 17, 2018
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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… |
‘Bank of Mum and Dad’ feels the squeeze - June 4, 2018
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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… |
Vigilance urged as fraudsters fake security measures to access bank accounts - June 4, 2018
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Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed to access and drain bank accounts of funds. In one… |
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The House of Lords Economic Affairs Committee has criticised some of the powers …
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Jan
It should seem obvious whether an individual must submit a self-assessment tax …
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Autumn Budget 2018
The sun was already edging behind the London skyline by the time Chancellor Philip Hammond...
