If you miss the self-assessment deadline on 31 January, what will your excuse be?
The deadline for self-assessment tax returns is looming on 31 January. If you have not yet provided us with all the information needed to prepare your return, it is crucial that you let us have this as soon as possible.
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Treasury coffers boosted by £400m following HMRC crackdown
The Treasury’s coffers were boosted by £400m in 2016, following a crackdown by HM Revenue & Customs (HMRC) on tax avoidance.
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Stamp Duty Land Tax receipts hit record levels
Figures released by HM Revenue & Customs (HMRC) last month revealed a record Stamp Duty Land Tax (SDLT) take of £7.7bn in the first eight months of this financial year.
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IHT: Don’t forget to transfer any unused nil rate band
The rules around inheritance tax (IHT) allow spouses or civil partners to transfer any unused nil rate band to the surviving spouse or civil partner, following his or her death. This means that a person’s estate can benefit from twice the nil rate band that would normally apply.
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The information in this newswire is believed to be correct at the time of circulation. It is essential to take advice on specific issues.