Inheritance tax shake-up on the cards?
Inheritance tax could be due a major overhaul, with a new report recommending sweeping changes to gifting rules, life insurance policies and even who pays the bill.
The £90,000 dividend tax trap
The value of shares you can hold outside an Isa before paying dividend tax has shrunk from £135,000 to £46,500, according to new research. In April last year, the dividend allowance fell from £5,000 to £2,000 (HMRC).
Tax rise for under 50s on the horizon?
The Government Actuary’s Department (GAD) said the state pension fund, which is funded by national insurance contributions is under considerable strain due to Britain’s ageing population (Tax).
HMRC goes hunting for ‘hidden’ offshore assets
The number of tax evasion cases identified by HMRC for the 2017/18 year was 3,809 – an 18% rise on 3,216 in 2016/17. It is likely this development has something to do with the Revenue’s extensive new data collection powers under the Common Reporting Standard (CRS).