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November 6, 2023

An uncertain future for the Triple Lock


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State pension increases could be outpacing inflation next April, and there’s no guarantee of the Triple Lock surviving the next election.

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October 30, 2023

Energy efficiency targets shelved


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The government’s backtracking over the introduction of energy performance targets for property let out in England and Wales is facing criticism, but it will be welcome news for landlords.

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October 23, 2023

Farewell to inheritance tax?


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There are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment.

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October 9, 2023

Deferring your state pension


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Most people draw their state pension as soon as it becomes available, but If you do not make that claim your state pension is automatically deferred until you choose to claim it.

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October 2, 2023

Don’t get caught in the VAT penalties net


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Many VAT-registered businesses still find VAT too complex. No surprise then that more businesses than ever are getting hit with penalties for inaccuracies.

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September 25, 2023

Fraud countermeasure drives R&D tax relief changes


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The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure.

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September 18, 2023

Interest rate rises fuelling increased tax take


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The Bank of England base rate increase is impacting on the government’s tax takes, with more taxpayers paying tax on savings income.

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September 11, 2023

Finalising returns figures and filing early


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HMRC is chasing taxpayers who have submitted tax returns for 2021/22 containing unresolved provisional figures.

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September 4, 2023

Intestacy entitlement increased


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If an English or Welsh domiciled person dies without leaving a will, the amount that a spouse/civil partner can inherit has increased.

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August 28, 2023

Abolishing the pensions lifetime allowance


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Although the lifetime allowance was effectively abolished from April 2023, it has been retained on statute for a year.

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August 21, 2023

Behind the numbers on income tax


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New income tax statistics from HMRC appear to be good news, but the numbers are not what they seem.

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July 10, 2023

More action to counter fraud


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The government has announced a new initiative to counter fraudulent activity, particularly in the financial sector.

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