HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
At the 2019 Conservative Party Conference, chancellor Sajid Javid has intimated that he may be prepared to scrap inheritance tax (IHT) when asked if he would scrap the ‘death tax’.
Currently, the standard inheritance tax is 40%, in which the individual inheriting the property is charged on the part of the estate above the £325,000 threshold – a figure that generates a huge amount of debate regarding fairness.
Read more at the Accountancy Age.