HM Revenue and Customs (HMRC) is cracking down on property valuations in inheritance tax (IHT) returns as rising house prices see more families dragged into the taxman’s net. The number of cases HMRC referred to the Valuation Office Agency (VOA) rose by 23.5% from 11,845 in the 12 months to September 2024 to 14,631 in
X-energy secures more than $1 billion in capital investment through its IPO and a simultaneous private investment. This funding will hasten the placement of its Xe-100 advanced small modular reactors (SMRs) as the world searches for clean, sustainable baseload power. The IPO, which saw X-energy list on the Nasdaq Global Select Market under the ticker
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Nike is cutting roughly 1,400 roles in its global operations team, the majority focused in technology, Venkatesh Alagirisamy, EVP and chief operating officer, said in a Thursday announcement. The move comes as Nike aims to
Not long ago, tactical flight officers (TFOs) in law enforcement aviation relied on little more than a paper map book, gyro-stabilized binoculars, and the unmistakable glow of a Spectrolab Nightsun searchlight to get the job done. Today, that world has been transformed. Rapid advances in aviation, sensors, mapping, and communications technology have dramatically reduced the
These raids will drive the Government’s tax take to 42.1pc of GDP by the start of the next decade, the IMF forecasts, a peacetime record for Britain. Tina McKenzie, at the Federation of Small Businesses (FSB), said increases in the dividend tax, business rates and the tax on the disposal of business assets all “hit
Developers have applied for permission to build a huge solar farm north of Bristol. The 50-hectare solar farm has sparked opposition from local residents and a parish council who are concerned about protecting the countryside between Yate and Westerleigh. Councillors on South Gloucestershire Council’s development management committee are due to vote on whether to permit
Despite not yet paying out any money, a UN-backed fund meant to address the loss and damage caused to developing countries by climate change could face “liquidity issues” by the end of next year, its head warned today. With ten projects already requesting $166 million in total, the fund’s Executive Director Ibrahima Cheikh Diong warned
AfricaImages / Getty Images Insurance is an expense people rarely question once it’s set up. But over time, even good coverage can become outdated, inefficient or just plain expensive. Below are the insurance policies you are most likely overpaying and how to fix this, according to insurance experts. Also here are five types of insurance
Citi Wealth has created an artificial intelligence avatar, Citi Sky, powered by Google Cloud and Google DeepMind. With it, clients will be able to access market insights and financial guidance. The new tool will be available to Citigold clients this summer in a phased roll-out. Citigold is the bank’s premium banking and wealth management tier
Here’s what you’ll learn when you read this story: Batteries have powered the clean energy revolution, but their chemistry can make them too slow and too bulky for applications that demand massive power bursts in seconds. A decades-old technology called the supercapacitor is getting a second look as AI data centers, public transport systems, and