Tax

Last year, we saw an announcement from the Office of Tax Simplification on the complexities of the UK inheritance tax (IHT) system following a request from the Chancellor of the Exchequer. However, its remit did not include a deeper review of how IHT is charged, a point most advisers deem most crucial. So what does the review mean in more practical terms?

While the current political focus is on the Conservative party leadership race, the threat of a Jeremy Corbyn led-government still looms.

Inland Revenue, the public service department of New Zealand, is to gain greater oversight of land transfer information to ensure those buying and selling properties are complying with tax rules on property speculation.

The Conservative Party leadership election has finally been whittled down to just two candidates: Boris Johnson and Jeremy Hunt. Eprivateclient has examined what each of them could mean for the private client industry.

HMRC has confirmed the tax gap for 2017-18 is 5.6 percent, meaning 94.4 percent of all the tax due was collected.

As part of what appears to be a global shift towards tax transparency and ‘fair taxation’ the UK government has published the No Safe Havens 2019 policy paper, which follows on from the similarly named No Safe Havens 2013 and 2014 papers

Switzerland and the Netherlands have a signed a protocol of amendment to the agreement for the avoidance of double taxation with respect to taxes on income (DTA), Switzerland’s Federal Council has stated.

The European Commission has referred Spain to the European Union’s Court of Justice for imposing disproportionate penalties on Spanish taxpayers for the failure to report assets held in other EU and EEA States

A third of self-assessment taxpayers do not pay as much tax as they should, meaning the Treasury is missing out on £8 billion a year, new research by the Social Market Foundation revealed

Boris Johnson’s proposed tax cut for 40 percent taxpayers may not be as generous for workers as it appears on face value, according to UK private client accountants