Land for the many and higher taxes too
A recent report for the Labour Party proposes radical changes in the way land in the UK is used and governed. The explicit aim of the report is to put land ‘at the heart of political debate and discussion’. It proposes radical changes in the way land across the whole of the UK is used and governed. Tax is a significant part of this.
HMRC increases energy in tackling VAT fraud
Changes in tax legislation usually take time but an announcement last week that VAT law applying to renewable energy certificates was changing overnight took many by surprise. With the latest tax gap figures due later this week, is this a sign that HMRC is getting smarter at tackling VAT fraud?
New inheritance tax toolkit not equipped for the job
Last week, HMRC published a new toolkit to help taxpayers and their agents complete IHT forms. While some of the new guidance is useful, the toolkit fails to address how the forms should be interpreted in certain situations.