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SMEs cite VAT as their biggest administrative headache

Research from the British Chambers of Commerce (BCC) has revealed that VAT creates the biggest administration burden for around two-thirds of businesses in the UK. The report, which polled more than 1,100 businesses of all sizes, found that 64% of respondents are...

Inheritance tax receipts reach record high of £5.2bn

According to statistics published by HMRC, the Treasury fetched a record high of £5.2 billion in inheritance tax receipts last year. Inheritance tax receipts increased 8% year-on-year in 2017/18 to continue a long-term trend, which began when the nil-rate band was...

The taxing side of moving house

There have been so many recent shake-ups on property taxes, we’ve produced an up-to-date guide on what you’ll have to pay next time you pack. Don’t move home without it! If you’re thinking of buying your first home, or upsizing or downsizing into somewhere new, you...

Stamp duty tax break saves first-time buyers £284m

It has been revealed that Philip Hammond’s decision to abolish stamp duty land tax (SDLT) for most first-time buyers on all properties worth up to £300,000 saved homeowners £284 million in the first half of 2018. This works out at an average saving of £2,337 per...

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