31 January 2018
George Bull, senior tax partner at RSM said:‘Whatever it is, inheritance tax is not a tax on the amounts which people inherit. Instead, it is a tax on some lifetime transfers, and most bequests on death. It is high time that the purpose of IHT was reviewed. RSM therefore welcomes the proposed review of the inheritance tax regime.
01 June 2016
HMRC’s latest single departmental plan has just been updated, and announces (amongst other things) plans to invest in tackling tax evasion and non-compliance, improve customer services and increase prosecutions. However, a new commitment to tackle ‘tax planning’ marks a sea-change in HMRC’s approach…
09 March 2016
With the referendum on the UK’s EU membership now set for 23 June, the Chancellor is coming under increasing pressure not to rock the boat with more tax hikes on Budget Day.
22 December 2015
There have been red faces all round at the MoJ following the revelation that there were errors in the online form used to calculate the financial assets of divorcing couples. One major concern is for ‘DIY’ divorcing couples who may, as a result, have to renegotiate their divorce settlements. So what are the tax implications of this embarrassing error?
01 December 2015
While the design of the UK tax system should reflect the needs of society, increasingly the more ‘traditional’ taxes are being joined by the new pretenders – the carrier bag ‘tax’ and the sugar ‘tax’ to name but two. But is it really helpful to lump all of these together and what are the implications for HMRC?