With the residence nil rate band (RNRB) to remain fixed until April 2026, now is the time for clients to review their existing wills and consider inheritance tax (IHT) opportunities to take advantage of this valuable exemption, says Flora Nelmes, associate, Hunters Law

Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue release from the Organisation for Economic Co-operation and Development (OECD)

The Scottish government plans to increase the thresholds for starter and basic rate taxpayers from April, as set out by finance secretary Kate Forbes at the Scottish Budget

HMRC reports that its self-serve time to pay payment plan has brought in £46m since April with 20,000 people settling outstanding tax bills

MPs are calling for an urgent review of the loan charge, stating that it is fundamentally flawed and unfair, and questioning why no scheme promoters have been prosecuted 

Investing in cryptoassets is a risky business if investors do not write in protection to their will as tax bills could quickly mount, warns Chris Etherington, tax partner at RSM

The Climate Change Committee (CCC) has called on the government to place a tax on household gas to help the UK meet its net zero targets

Rishi Sunak has reportedly began planning a series of tax cuts in the lead up to the next general election in 2024

HMRC estimates that in 2019-20 £1.5bn was lost to tax avoidance with £500m related specifically to tax avoidance schemes

The Treasury has rejected plans proposed by the Office of Tax Simplification (OTS) to overhaul inheritance tax but has made a few concessions on capital gains tax to simplify the complex rules

HMRC is giving taxpayers, who are yet to switch their Post Office accounts, a one-off extension until 5 April 2022 to set up alternative payment methods

The Security Industry Authority (SIA) and HMRC have carried out joint operations in London, Bradford and Glasgow to ensure that security staff were employed legitimately and were paying tax