Ms Rayner’s stamp duty bill was due on the £800,000 Brighton seaside flat that she bought last year, having sold her final stake in the family home in her constituency near Manchester to a trust established for the benefit of her son. She believed that because she did not own any property when she bought
The news about Rayner’s tax affairs was first published by the Guardian newspaper and ITV News on Thursday morning. Speaking to the Guardian about the tax saga that led to her resignation, Rayner said voters had been “left with the impression that I somehow tried to avoid – or worse had been reckless or careless
Bereaved families could be denied half the pensions left to them by loved ones while an inheritance tax bill is settled, under new rules from next April. People in charge of winding up estates will be allowed to stop pension firms paying out pensions in full if they think 40 per cent death duties might
The UK government is pressing ahead with what promises to be one of the most dramatic reorganisations of the tax structure on gambling in years, with changes scheduled for introduction in 2026. The new regime will affect remote gaming duty and retail betting tax and will have far-reaching implications for the leisure industry generally. What
Drivers with older petrol and diesel cars could face higher road tax bills under updated VED rates for 2026. Drivers with petrol and diesel cars registered between 2001 and 2017 could pay up to £170 a year in road tax under 2026 VED rates based on vehicle emissions.(Image: Getty Images) Motorists with older petrol and
The former footballer and commentator, 51, has teamed up with Sage in light of new research that shows hundreds of thousands of people could miss the first Making Tax Digital (MTD) deadline this year as confusion grows over new HMRC rules. Research shows seven in 10 sole traders do not understand what they need to
Farmers have lost a High Court bid to challenge the government’s controversial inheritance tax reforms, in the latest setback for campaigners opposing changes to agricultural property relief and business property relief. The reforms have sparked months of anger across the farming sector amid fears they could threaten family farm succession and place additional financial pressure
The impending reforms are already influencing behaviour The impending reforms are already influencing behaviour(Image: LSOphoto via Getty Images) Millions of savers are being urged to “protect” themselves after sweeping HMRC tax changes. Under the new regulations, the average bill for affected households is expected to increase by around £34,000, while thousands more estates will be
The “tax tech stack” for most UK mid-market firms consisted of a standard ERP module and a brave soul armed with an Excel spreadsheet. But as we move through 2026, that manual approach isn’t just inefficient, it’s a compliance liability. With the global shift toward Real-Time Reporting (RTR) and the UK’s own Making Tax Digital
When you invest, the aim is usually to grow the value of your money over time. When your investments increase in value and you sell or dispose of them, the profit you make is called a capital gain. In some cases, you may need to pay Capital Gains Tax (CGT) on that profit. CGT doesn’t