While many believe that giving money to family or friends is tax-free, the rules are more complex than they appear. According to HMRC, only certain types of gifts are immediately exempt from IHT. And ...

Marks & Spencer is causing a stir with its Wimbledon inspired Red Diamond Strawberry and Creme Sandwich, not least for tax inspectors at HMRC ...

UK households are being warned by HMRC to tread carefully when gifting money to loved ones – or risk leaving their estates facing unexpected inheritance tax (IHT) bills. While many people believe that ...

HMRC has warned millions who have a National Insurance number to act "today". The Labour Party government's tax arm took to X, formerly Twitter, to issue a stark warning for millions who have NI ...

Over seven million households across the UK can expect to receive a letter from HMRC, as frozen tax thresholds are set to impact individuals nationwide. According to official figures, the number of ...

Anyone with a side hustle is being urged to check if they need to register for Self Assessment. This is an important step, according to HM Revenue and Customs (HMRC), for those with extra income from ...

State pensioners face a letter from HMRC within the next "nine months". State pensioners born before 1959 risk seeing ...

The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a ...

The retailer says it’s a sandwich — but one taxman thinks it might actually be a pudding. The difference? A substantial VAT bill ...

Since the return of the tiered Corporation Tax (CT) plan by the HMRC in April 2023, there has been a resurgence in the concept of Marginal Relief.

Thousands of businesses in Hampshire could potentially face financial penalties for underpaying staff. The latest government list identifies 518 UK businesses, including high-profile names, that have ...

Apart from the several activities an accountant does, one key thing is to always keep an eye out for ways to reduce their ...