New research suggests the threshold should be considerably higher than it is 09:41, 23 Apr 2026Updated 10:58, 23 Apr 2026 Allowances have been frozen since 2009(Image: coldsnowstorm via Getty Images) High net worth individuals (HNWIs) in the UK believe that HMRC’s Inheritance Tax (IHT) thresholds should be updated, according to the latest research from wealth
HMRC has reminded certain people that a new system is now in place HMRC has reminded people to check if a new deadline applies to them(Image: Getty) Workers across the UK have been advised to “check” whether a new tax regulation affects them before a summer deadline. HM Revenue and Customs (HMRC) has reminded Britons
Inheritance tax (IHT) affects a small minority of estates, but that could change in the coming years. Currently, around 4% of UK deaths result in a charge. But frozen tax thresholds, rising house prices and upcoming pension rule changes mean more estates will likely be drawn into the net. The Office for Budget Responsibility (OBR)
Owners of properties worth more than £2m could soon face a new charge on top of council tax, with 165,000 households expected to be affected when the policy launches in April 2028. Announced by the Chancellor, Rachel Reeves, in the November 2025 Budget, the High Value Council Tax Surcharge (HVCTS) will apply to homes in
A tax expert has warned of ‘costly errors’ 10:53, 21 Apr 2026Updated 11:09, 21 Apr 2026 It was previously voluntary(Image: Yau Ming Low via Getty Images) A tax expert is alerting people to a new HMRC rule that could catch people out. Conveyancing solicitors and payroll teams are among local professional advisers who may find
A letter from the tax office can trigger immediate concern. For some UK taxpayers, that worry intensified after receiving unexpected correspondence from HM Revenue and Customs demanding money back within just 30 days. The only problem is the tax repayments in question are for refunds issued years ago. In one case reported by The Telegraph,
12:01 AM, 20th April 2026, 20 hours ago 1 Landlords and sole traders earning more than £50,000 a year must report every quarter to HMRC under Making Tax Digital rules. The changes replace a single annual submission with four updates to HMRC, covering income and expenditure across the year. These updates are not tax returns,
By HUGO DUNCAN, BUSINESS EDITOR Updated: 21:50, 19 April 2026 The boss of Britain’s largest pensions firm urged Rachel Reeves to rule out a tax raid on retirement pots, as she faces mounting pressure to boost defence spending. Standard Life chief executive Andy Briggs said savers needed certainty that the pension tax system is not
There are very few people in local government who would claim that the council tax is an ideal way for people to help pay for local services. But is it the “least worst” option? Or is there a better alternative? The council tax typically accounts for less than a fifth of each council’s budget. Most
Reform UK deputy leader Richard Tice said he is “always happy to put things right” if he hasn’t paid the right amount of tax. It comes after he reportedly failed to pay nearly £100,000 in corporation tax. Mr Tice did not pay any tax on the profits he made from four shell companies between 2020