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‘Bank of Mum and Dad’ feels the squeeze

5 Jun 2018

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G). While buyers who received assistance from their parents in 2017 enjoyed an average contribution of

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Vigilance urged as fraudsters fake security measures to access bank accounts

5 Jun 2018

Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed to access and drain bank accounts of funds. In one instance, an academic received a call that was

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Ministers make an about-turn on tax haven transparency measures

5 Jun 2018

In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens. The measures will compel British overseas territories to make public their records of the true owners of the companies that

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Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank

5 Jun 2018

With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board when it comes to taxing bequests and inheritances. Instead of Inheritance Tax (IHT), the Resolution

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Government Brexit redeployments to delay Making Tax Digital for Individuals

5 Jun 2018

A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital for Individuals. The simple assessment rollout and real-time tax code changes, both part

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