Saturday 25 April 2026 10:40 am Businesses have had the worst start to the year on record Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record. Fewer businesses were set up in the first three months of 2026 than in the same
HMRC has ramped up its scrutiny of property valuations amid an inheritance tax crackdown, data show. The taxman challenged 23.5pc more property valuations for inheritance tax purposes last year as it sought to boost receipts. The Valuation Office Agency (VOA) – the quango in charge of property valuations – received 14,631 cases from HMRC in
From next year, people who miss a monthly payment will have roughly two months to settle their bill. This will be replacing the current system under which if people missed one monthly payment they faced having to pay the entire outstanding sum in a single payment within two weeks. Bolton West MP Phil Brickell said:
You can do several things to reduce your tax bill Martin Lewis shared some tips on his BBC podcast(Image: ITV) Martin Lewis has offered some advice on a tax that many savers may be unaware could apply to their savings. He recently spoke on his BBC podcast about the best ways to grow your savings
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
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
Major changes to pensions and Inheritance Tax from April 2027 – what you need to know – The Mirror Need to know Most pensions are currently not subject to Inheritance Tax – but this is changing from April 2027 Pensions will soon become subject to Inheritance Tax(Image: GETTY) What you need to know about pensions
The DVLA have now explained to drivers that there are “no shortcuts” when bringing a vehicle back into use after declaring it off the road under a Statutory Off Road Notification (SORN). The agency said: “Want to use your vehicle again after telling DVLA it’s off the road (SORN)? “You have to tax it first.”
The Loan Charge and Taxpayer Fairness group of 156 MPs and Lords, which highlighted the figures, has called for a public inquiry into the tax office’s approach, which it called “a profound failure”. Around 50,000 individuals used “disguised remuneration” schemes – which were promoted by employers and accountants – to receive their salaries in the
The Driver and Vehicle Licensing Agency (DVLA) has issued a warning to drivers The DVLA reminded motorists that there are “no shortcuts”(Image: Charday Penn via Getty Images) Drivers have been issued a warning by the Driver and Vehicle Licensing Agency. If you want to get your vehicle back on the road, you must tax it