OTS calls for tax rules on gifts to be simplified

OTS calls for tax rules on gifts to be simplified

The Office for Tax Simplification (OTS) has said that fewer people should have to pay tax on gifts made to loved ones in the years before their death. Under the current rules, inheritance tax of up to 40% is paid when someone dies within seven years of making a gift....
HMRC changes VAT rules for construction businesses

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 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...

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