If HMRC makes a request from you they normally set a deadline for when they expect a response. If you don’t comply they then tend to issue a formal request which incurs a hefty fine for noncompliance. But what about when you’re waiting for something from them,...
Following recent government publicity regarding the provision of grants to encourage householders to make their homes more energy efficient; together with concerns about potential risks to the gas supply and rising costs means clients are increasingly interested in...
The government saw a 4.4% decline in tax revenues over the latest financial year as a result of the pandemic. In its 2020-21 annual report, HMRC reported that it had collected £608.8bn in tax revenues, which is down from £636.7bn collected in 2019-20. The tax...
There were rumours that CGT rates were going to be increased at the Budget. These eventually proved to be incorrect, but there are still commentators that feel it is only a matter of time before changes are made with the huge COVID 19 related borrowing to finance for...
Inheritance tax (IHT) has once again been voted the most hated type of tax in the UK. A survey conducted in September found that 24% of participants believed that it was the worst tax in the UK. The respondents felt more ‘irritated’ by the fact that their loved ones...
