HMRC has recently published a study examining the behaviour of ‘gifters’ - those who have, in the past two years, made a single gift of £1,000 or more, or multiple gifts of greater than £250 totalling more than £3,000. It is hoped that the findings will help simplify the inheritance tax legislation so that it is fit for the 21st century.
With so much innovation in the food space, from realistic meat alternatives to delivery technology solutions, there is an abundance of promise for tech investors looking to grow rapidly and at scale. When it comes to return on investment, however, investors need to be savvy with whom and where they decide to invest. Does technology, therefore, make a recipe for success or disaster?
If landlords are selling up due to complex tax changes, does this mean more first-time buyers will have a shot at getting on the property ladder?
What might a new tax, intended to reduce carbon emissions, look like? Think of it as a carbon-added tax replacing the existing Climate Change Levy paid by some businesses. It would work by taxing carbon dioxide emitted as greenhouse gases at each stage in the creation and sale of goods or services. The greater the amount of carbon, the higher the amount of tax. Reflecting carbon consumption in the price of goods and services, while incentivising the adoption of low-carbon alternatives, would be a massive step towards a low-carbon world.
The tax exemption for employer-provided sporting and recreational facilities should encourage employers to help their employees be physically active. However, employers providing such perks should take care to ensure their facilities qualify for the exemption.
HMRC has recently published a survey into the drivers of tax compliance among the wealthy. The results seem to have surprised HMRC more than professional tax advisers.
Making tax digital (MTD) for income tax was seemingly kicked into the long grass when it was announced that it would not come in until 2021 at the earliest. But a new pilot scheme involving landlords suggests that the idea is still very much alive.
Summary of the Northern Restaurant and Bar awards from an insider’s view, covering the power of social media for restaurants and bars, and the importance of creating brand loyalty through treating staff well.
A look into the reasons behind an increase in airline collapses. What travel businesses can do to avoid failure, and what the future holds for airlines.
The declarations made by the British, Scottish and Welsh governments, as well as by cities including London, Edinburgh, Bristol and Manchester, that climate change is a national emergency reflect the greatest concern of our times but do not commit to any action. However, the ‘Net Zero’ report by the UK Committee on Climate Change is full of specific recommendations. Taxes will almost certainly rise. We look at the details.