Taxation

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Couples in the middle of separating or divorcing could save themselves a major tax bill by delaying the division or sale of any shared assets by a few months, according to legal firm Gilson Gray. With less than six months until the tax year ends and ‘divorce day’ approaching in January,

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Mark Pryce and Morag Watson of Azets outline the main tax targets for the upcoming Autumn statement expected this Thursday. The chancellor has made no secret of the fact that there are likely to be tax rises when he delivers the budget statement on Thursday, although he has also been quick to point

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An HMRC investigation is underway into suspected fraudulent use of the research and development (R&D) tax relief scheme intended to promote investment into technology and innovation. So far, eight individuals have been arrested over their alleged misuse of government tax incentives. They al

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Today, Kwasi Kwarteng, the chancellor of the Exchequer revealed his fiscal plans in his emergency 'Mini Budget' aimed at boosting the economy to reach his 2.5% growth target. Mr Kwarteng's announced tax cuts and reforms, "the biggest package in generations", were met with mixed reactions.

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The new UK government has ordered the treasury to audit existing and new anti-obesity policies which were to be introduced next month. The sugar tax, officially known as the Soft Drinks Industry Levy (SDIL), was introduced in 2018 as a measure to deter people from consuming unhealthy drinks high in

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King Charles III has inherited a portfolio of assets worth tens of billions on which he will pay no inheritance tax. A law agreed in 1993 by John Major provides an inheritance tax exemption for any assets inherited from "sovereign to sovereign" as well as from any consort of a former sovereign. This

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The Treasury has collected a record £14.3 billion in capital gains tax (CGT) in the last financial year, an increase of 42% from the previous period. The record sum was realised on £80bn of gains. This is attributed to rushed sales of buy-to-let homes and growing house prices as an all-t

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More than 33,600 customers have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year.   HM Revenue and Customs (HMRC) is encouraging more customers to use the app, ahead of the 31st July deadline, as it is a quick and easy way to get

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