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American style tattletale
In a bold move to combat tax fraud HMRC will introduce a whistleblower reward scheme modelled on the US system. Those reporting tax evasion could potentially receive up to 25% of the resulting additional tax collected from their tip. With the UK tax gap reaching £39.8...
Encouragement to pay VAT on time
In times of global uncertainty, worry about the economy and the nation’s public finances, there was only one (not very exciting) mention of VAT hidden among the details of the Chancellor’s Spring Statement. The measure appears to be a strengthening of previous pledges...
Housebuilding and planning reform
The housebuilding and construction sectors continue to be key in the government’s growth plans. The hope is that building more houses in the most productive parts of the country will generate growth benefits by enabling these areas to expand. This will allow more...
A 15% cut to Civil Service running costs? HMRC capacity is set to expand
Days before the Spring Statement, a 15% cut to Civil Service running costs was headline news, but in her statement the Chancellor promised further investment in HMRC, particularly: Debt management Offshore tax non-compliance Counter-fraud Debt management By the end of...
Spring Statement 2025: A Focus on Stability with No Tax Changes
In the Spring Statement 2025, the government’s message was more about maintaining course than setting a new one. With no changes to tax rates announced and little fiscal content generally, the Statement was largely a confirmation of the government’s existing economic...
2024 Autumn Budget Summary
Our analysis of the announcements in the 2024 Autumn Budget has been published here
Rachel Reeves’ Budget 2024 Key Points
Implemented immediately Capital Gains Tax rates for disposals on or after 30 October 2024 rise from 10% to 18% (basic rate taxpayers) and 20% to 24% (higher rate taxpayers); the higher rate for residential property remains 24%; Lifetime limit for gains qualifying for...
Death, taxes and now your pension?
With key changes announced for Inheritance Tax on pension pots and no increase to the nil-rate band, what does this mean for estate planning?
A scythe to APR and BPR
Reforms severely restricting Agricultural Property Relief (APR) and Business Property Relief (BPR), will come into effect from April 2026.
Capital Gains Tax rates get a new (but old) look!
In a nod to the past, the Chancellor has raised capital gains tax (CGT) rates from 31 October.
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