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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 of...

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Apprenticeships fall by 31%

The Department for Education has said that the number of people starting apprenticeships has dropped by 31% in the last 12 months. In the academic year between August 2017 and May 2018, there were 315,900 apprenticeship starts, compared to 457,200 the same time the...

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Plans to abolish class 2 NICs are scrapped

  Plans to abolish class 2 national insurance contributions (NICs) have been scrapped by Chancellor Philip Hammond. The Government was originally due to abolish class 2 NICs for the self-employed from the 6 April 2018, but the move was delayed for 12 months in...

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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...

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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...

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