Inheritance tax has continued its upward trajectory with receipts for the 11 months April 2025 to February 2026 of £7.7bn, £0.1bn higher than the same period last year.
The majority of financial advisers say tax planning has grown in importance over the past 12 months, according to a new survey.
More than half of advised clients (53%) say they are more worried about tax concerns than they were a year ago, according to a new survey of advised clients.
I must confess to being just a little baffled about the long-term direction of the government’s tax raising strategy, although it is clear that the tax take is going upwards.
There are now an estimated 39.1m income taxpayers, up 6.1m from when thresholds were frozen in 2021/22, according to analysis of HMRC figures.
A wealth adviser firm reckons that 35% of its HNW clients are actively considering relocating to a lower-tax country.
With less than a week until the self assessment deadline, 8.6m people have already filed their return for the 2024 to 2025 tax year, HMRC reports.
Some 5.65m people have yet to file their self-assessment tax return despite the end-of-January deadline approaching, HMRC has warned.
New rules which came into force at the start of the year have made it harder for crypto investors to hide their gains from international tax authorities.
There’s been a surge in end of year tax demands with more than 1.3m being contacted by HMRC in 2023/24, nearly double the number just two years earlier.
The Government has yielded to complaints about some aspects of its Inheritance Tax (IHT) reforms by increasing the relief threshold for farms and businesses from £1m to £2.5m from April 2026.
HMRC has warned taxpayers to be vigilant after receiving more than 4,800 reports of Self Assessment scams since February.
Nearly 2.3m taxpayers are set to earn more than £100,000 by 2028–29, exposing them to a punitive tax trap and stripping families of childcare benefits worth thousands of pounds, according to new HMRC data.
The uncertainty around future tax changes is taking its toll on financial confidence, according to new research.
Chancellor Rachel Reeves took the unusual step this morning of making a speech in Downing Street about November’s Budget, some three weeks before the financial statement is due to be delivered in the House of Commons.
With news today that the IHT take seems to be rising inexorably, Andy Zanelli, head of technical engagement at Aberdeen Adviser looks in this case study article for Financial Planning Today at the worrying potential cost of IHT to future generations and why advisers need to start planning now to avoid a nasty tax trap.
New figures have revealed that around 60,000 people claimed a refund on emergency tax on pensions in 2023-24 - an increase of around 20% on the previous year.
The number of people paying dividend tax is expected to reach a record 3.67m in the 2024/25 tax year.
New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.
HMRC figures reveal that an extra 3.36m taxpayers have been dragged into paying higher or additional rate tax in the current year.
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