Tax planning

Tax / HMRC inheritance tax calculator reflects nil-rate band

HMRC has updated the inheritance tax (IHT) calculator to include details on the nil-rate band for inheritance tax, which came into effect in April and gives married couples and civil partners a higher IHT allowance, set to reach £1m by 2020

Tax / Political parties’ tax plans fail to meet business priorities

The two main political parties are failing to address the majority of businesses’ top targets for tax reform, with both the Conservative and Labour manifestos meeting less than half of their key priorities, according to research by Moore Stephens

Tax / Kroijer: don't over-invest in property to build pension pot

Looking for low risk, high returns alternatives to tradtional pensions savings is one of the big worries these days but is property such a safe bet anymore? Investment expert Lars Kroijer considers the options for investors, warning that over-reliance on property assets is not always the best policy or a sure fire profit income

Tax / UK rejects Europe-wide corporation tax

Only 16% of UK businesses support the idea of an EU-wide corporate tax rate, and just 6% of those in Ireland, compared to the majority of European businesses which are in favour of a common approach, according to research by Grant Thornton

Tax / Gold bullion disguised remuneration still marketed despite HMRC clampdown

A year on from a concerted clampdown by HMRC, disguised remuneration schemes involving gold bullion are still being marketed to clients

Tax / Tax issues when disposing of a UK rental property

With the buy-to-let market still holding up despite a raft of potential tricky tax changes, many people will dispose of a rental property in their lifetime. Lynsey Lord, tax manager at Mercer & Hoe, explores some of the factors which can affect the tax position on such a sale

Tax / Cohabiting pensioners missing out on tax benefits

Despite people over the pension age being the fastest growing group of cohabitees, many are missing out on tax breaks, such as inheritance tax benefits, and state pension rights which are only available to married couples, according to research by Royal London

Tax / Trump budget plan attacked over accounting maths

US President Donald Trump has published his first budget, which proposes a $3.6 trillion (£2.8 trillion) cut in government spending over the next decade to balance the budget by 2017, but it has come under fire over the calculations used

Tax / More single property landlords hit by buy-to-let changes

Following the introduction of new tax rules for buy-to-let landlords there has been a rise in the amount of single property landlords that will be pushed into the higher income tax bracket, according to the National Landlords Association (NLA)

Tax / PCS union slates HMRC’s office reorganisation plans

HMRC staff at the Public and Commercial Services (PCS) annual conference have condemned the department’s plans to close local offices as ‘impractical’, and indicated they will continue to campaign for a review of the decision to move most employees to new regional hubs under HMRC’s Building our Future (BoF) strategy

Tax / EU agrees double taxation dispute resolution system

The European Council has agreed on a new system for resolving double taxation disputes within the EU, in a bid to reduce the difficulty and the tax burden of doing business across borders

Tax / Charitable donations cut inheritance tax bills by £880m

The amount of inheritance tax (IHT) saved by leaving money to charity has hit a record £880m, as donors look to reduce their tax bills and donate to good causes on their death

Tax / Pension planning: lifetime allowance and tax liability - part 1

In part one of our series on pensions, Kay Ingram, director of public policy at LEBC reviewsthe impact of reductions in the lifetime allowance and tax liability for high earners, plus a snapshot of the key tax breaks currently available

Tax / Temple: HMRC confusion over expenses advice

Changes to expenses rules mean that some contractors have received incorrect expenses advice from HMRC call centres. Crawford Temple, CEO of Prism, claims that rules for workers have become so complex, with the introduction of IR 35, that even HMRC is getting confused

Tax / General election 2017: party policies on tax

With four weeks to go until the general election on 8 June, CCH Daily gives a snapshot of the key tax measures from income tax to the doubling of the employer charge for non-EU workers announced by the UK's political parties in their manifestos
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