The Treasury has issued details about plans to make it easier to spot and target tax dodgers Exchequer Secretary Dan Tomlinson(Image: Parliament TV) Hi-tech plans could be used to tackle a serious problem in the UK. MPs heard that HMRC bosses are working out how artificial intelligence could help close the tax gap being exploited
Naming taxpayers who appeal Revenue assessments against them will deter many from legitimately challenging their tax treatment for fear of reputational damage, the Irish Tax Institute says. Under current rules, taxpayers taking a case to the Tax Appeals Commission have the right to demand an “in camera” [private] hearing with the published outcome also anonymised.
Keir Starmer will water down the family farm tax in yet another humiliating capitulation to his backbenchers. The threshold at which inheritance tax will apply to farmers will more than double from £1million to £2.5million, halving the number of estates affected. It is the latest in a series of painful climbdowns which have eroded the
Government waters down farm inheritance tax plan BBC Inheritance tax for farmers to kick in at £2.5m in government U-turn – UK politics live The Guardian Inheritance tax reliefs threshold to rise to £2.5m for farmers and businesses GOV.UK Labour U-turns on inheritance tax raid on farmers after backlash The Telegraph Government confirms inheritance tax thresholds to be raised NFUonline
Inheritance tax for farmers to kick in at £2.5m in government U-turn – UK politics live The Guardian Government waters down farm inheritance tax plan BBC Farmers celebrate Sir Keir Starmer’s Christmas U-turn on inheritance tax Sky News Government forced into climbdown on inheritance tax for farmers Financial Times Inheritance tax reliefs threshold to rise to £2.5m for farmers
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Fewer farmers will start paying inheritance tax from April after UK ministers were forced into a £130mn climbdown by a fierce backlash against the policy from rural communities and some Labour MPs. In a surprise
Ministers will increase the threshold for taxing inherited farmland from £1m to £2.5m after months of pressure from campaigners and MPs representing rural areas. In a statement slipped out just before Christmas, the environment department announced the U-turn, which will apply from April when the tax kicks in. Plans to tax inherited agricultural assets worth
The government’s proposals to change the rules for APR and BPR (agricultural property relief and business property relief) are due to come into force in April 2026 and would have seen an effective tax rate of 20% on agricultural assets valued over £1 million. Today’s announcement sees that threshold raised to £2.5 million. This is on
More than seven million people were using this method as of 2025 – here’s what you should know You can use the HMRC app to do many things (stock image)(Image: Oscar Wong/Getty Images) His Majesty’s Revenue and Customs (HMRC) has spotlighted a simple way that people can take control of their tax and financial affairs.
HMRC is making a big penalty change for millions filing their tax returns in weeks – here is how YOU can avoid a nasty bill. It’s not just those who are self-employed who need to file a tax return – you may need to if you get income from savings, tips or commission. Sign up