2 minutes
Chancellor John Healey will not increase capital gains tax in next week’s Budget despite pressure from some of his Cabinet colleagues. Wes Streeting and Louise Haigh have been among those wanting to see a rise in the tax imposed on the profit made when an asset has been sold, such as shares in
3 minutes
The UK collected a record £24.2 billion in capital gains tax in 2024/25, according to new data released on Thursday, following Rachel Reeves' decision to raise the rate in her first Budget. HM Revenue & Customs revealed an 89% increase in capital gains tax receipts compared with the previo
5 minutes
HM Revenue and Customs has collected £322.7 billion in total from National Insurance contributions and tax between April and July 2026, compared with the same period last year. The total represents a £21bn increase on the same four-month period last year, when HMRC collected £301.7
2 minutes
AJ Bell Investments’ Gilt MPS range has surpassed £100m of customer assets, highlighting growing adviser demand for short-dated government bonds as a tax-efficient alternative to cash. The Gilt MPS was launched last April to provide advisors and clients access to a managed portfolio
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