In this week’s Q&A, Stuart Farmer, apprentice tax advisor at Croner-I, explains that a UK resident in receipt of interest payments from saving account in India may not be liable for tax due to double taxation agreement
The UK government is reportedly considering a cut to inheritance tax (IHT) ahead of the next general election, despite being forecast to raise around £7.2bn in 2023/24
HMRC collected a total of £60.7bn in tax in August 2023, marking a £19.8bn hike on last year’s six-month performance, with inheritance tax continuing to fill Treasury coffers
Higher taxes on the UK’s biggest polluters such as fossil fuel companies, frequent fliers and super yacht owners could have raised up to £12.6bn last year, claims Oxfam
Inheritance tax has been included on HMRC’s service dashboard for the first time, while marriage allowance claims are taking at least three months to deal with
Following a short delay, HMRC has sorted out the outstanding IT issues and launched an online service to support affected taxpayers with calculations for overlap relief
In this week’s Q&A, what are the tax implications if money is transferred out of business into private bank accounts to benefit from interest rate hikes?
The partners in a film tax scheme, Gala Film Partners LLP, have lost a dispute with HMRC over whether its losses of £110m were a true interpretation of the trading position
