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HMRC changes VAT rules for construction businesses

Last summer we published a blog revealing that HMRC will be changing the rules around VAT for construction companies. With reverse VAT charges coming into effect from October 2019, now is the time to familiarise yourself with the changes.   Why are the rules...

HMRC delays probate fee increase

HMRC has announced that the changes to probate fees which were due to come into effect last month, have been delayed. The decision for the delay has been made as Parliament continues to struggle to resolve the issues surrounding Brexit. What are probate fees? Personal...

Businesses getting to grips with the apprenticeship levy

After previously voicing serious concerns over its complexity and lack of flexibility, UK businesses are finally beginning to understand the apprenticeship levy.  The new scheme came into effect on the 6 April 2017 but companies struggled to adopt it thanks to its...

IPPR calls for inheritance tax to be abolished

  A think tank is calling for inheritance tax to be abolished as part of a set of proposals for major reform to the UK tax system. The Institute for Public Policy Research (IPPR) published its 10-part plan for economic reform, which includes replacing the system...

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...

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