News Roundup Saturday 21st September 2019 NEWS ROUNDUP TAX NEWS HMRC sees record £5.4bn IHT take HMRC pulled in a record £5.4bn in inheritance tax (IHT) in 2018/19, marking a £166m – or 3% – increase on the previous year. Rising property prices and an unchanged tax-free allowance has meant more people are paying IHT […]

News Roundup Friday 20th September 2019 NEWS ROUNDUP TAX NEWS Think-tank suggests new taxes for Scotland A new report from the Institute for Public Policy Research (IPPR) Scotland think-tank suggests Scotland could raise more than £800m in extra taxes. The analysis says a new local inheritance tax of 10% on estates worth more than £36,000 […]

News Roundup Thursday 19th September 2019 NEWS ROUNDUP TAX NEWS Concern over Labour’s tax stance The Express’ Tim Newark considers Shadow Chancellor John McDonnell’s calls for accountants to face jail for advising their clients on how they can legally avoid paying as much tax, arguing: “They’re not breaking the law but he doesn’t like what […]