No tax divides the Left and Right quite like inheritance tax. It emerged this week that Kemi Badenoch was considering abolishing the death duty if the Conservatives win the next election. Reform UK has already said it wants to “get rid” of the 40pc charge. By comparison, Prime Minister Andy Burnham has previously suggested reducing
At Tuesday’s meeting, Conservative deputy leader and cabinet member for finance, Peter Graham, said he was reluctantly considering raising council tax and blamed the government. Graham said: “This administration recognises the financial pressures that many households already experience and the extent to which they are already taxed by other means. “Higher council tax will not
Grieving families face an unexpected inheritance tax hit on gifts left through charitable trusts after Labour closed a long-standing loophole. Gifts to charitable trusts in existing wills will no longer automatically receive inheritance tax relief – a benefit that previously reduced liabilities by 10pc – after a Labour tax raid. Gifts left to trustees to
The North Sea oil and gas industry has called on Labour to scrap the windfall tax on fossil fuel firms three years early, as Britain heads into a winter with energy bills expected to reach their highest level since Russia’s invasion of Ukraine. Offshore Energies UK (OEUK), the industry’s trade body, wants the tax replaced
Vantara Relocation, Bermuda’s specialist relocation services provider, has entered into a new agreement with Tax Advisory Partnership to provide UK and US tax compliance and advisory services to clients relocating to or from Bermuda. A spokesperson said, “The agreement strengthens Vantara Relocation’s ability to provide clients with a comprehensive relocation experience by connecting them with
I’m receiving some rental income as well as drawing pension income and am concerned that I may be caught by the new Making Tax Digital (MTD) rules. Please can you clarify what these are? A Which? Money member Get expert help with your money questions ‘You’re not earning enough to be affected – for now’
In response to the letter, Ms Reynolds told Times Radio: “If people who are rich and earning well want to pay more, I would welcome that; as chief secretary to the Treasury I would be very pleased indeed.” She added: “There’s a link on gov.uk if they want to pay more taxes.” Kemi Badenoch, the
More than 100,000 taxpayers are having their tax calculations from the 2025-26 tax year reviewed due to a flaw in HMRC’s system. The tax office will manually review 107,000 of its own calculations following a longstanding software problem in its IT infrastructure that sometimes incorrectly allocates savings and income allowances. This misallocation means some taxpayers
In the episode, Martin Lewis offers a “complete guide” to saving and investing for children 12:29, 11 Sep 2026Updated 12:56, 11 Sep 2026 Martin Lewis has issued a “warning for parents”(Image: ITV) Martin Lewis has issued a warning to people with kids as he raises the alarm about a “hidden tax trap”. The MoneySavingExpert founder
Ministers are facing a backlash from the hospitality industry after they announced mayors in England would be given sweeping powers to levy taxes on holiday accommodation such as hotels and Airbnbs. The plan, presented on Thursday by Angela Rayner, the local government secretary, will allow mayors to impose a “tourist tax” without a cap on