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Business tax

Business owners’ views on tax sought

Businesses are being invited to share their views about which parts of the tax system are particularly complex and hard to get right and to offer suggestions for im

Small businesses get less value out of corporation tax reduction relief Patent Box than larger companies

New statistics released by HMRC have revealed a steady increase in the number of claims for Patent Box tax relief but generating much greater value for claimants si

More businesses getting tax breaks for R&D investment HMRC records show

More businesses are claiming for tax credits for spending made on research and development with SMEs proportionally taking greater advantage of the benefit.

Businesses need to be ready for Making Tax Digital but is HMRC?

Businesses large and small need to be up to speed with requirements to file tax records digital which are being phased in by HMRC.

Personal tax

HMRC advised to simplify its guidance and employ the latest technology to do so

Tax payers are advised to be careful what advice they source and action they take over their tax affairs themselves even if they use the HMRC as a source of guidanc

Call to use life insurance in trust as more than 6.9 million parents give children inheritance early

Over 6.9 million parents have given their children 'their inheritance' early, to try to reduce the amount of inheritance tax payable on their estates.

IHT exemptions in line for the chop as Budget nears

Inheritance tax (IHT) gifting rules could be dramatically simplified in the Budget, according to financial advice firm, NFU Mutual.

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High net worth exceed pension annual allowance but too few self-employed saving

Individuals need better advice and/or to pay closer attention to the pension contributions they make to avoid paying over the amount at which they can get tax relie

How entrepreneurs can take advantage of the tax gap