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...
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...
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...
It has just been announced that the government is considering introducing tax incentives for landlords who offer longer tenancies. The Ministry of Housing, Communities and Local Government has launched a consultation on implementing a three-year tenancy model which...
In an attempt to combat tax fraud, HMRC are changing the way that the construction industry handles VAT. Here’s how to tell if you’re affected, and what you need to do. VAT fraud costs the UK billions. In an attempt to curb the conmen, HMRC has taken several bold...
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