Chancellor Rishi Sunak has responded to a report on inheritance tax (IHT) published by the Office of Tax Simplification (OTS). The OTS report recommended that the government should implement a…
The government has published a range of tax documents and consultations designed to help modernise the UK tax system. More than 30 policy updates, consultations and documents have been published…
A year of coronavirus (COVID-19) lockdowns has cost the UK economy £251 billion, according to data from the Centre for Economics and Business Research (CEBR). The report compared the organisation's…
Tax agents and accountants will be able to send bulk appeals against late filing penalties for tax returns filed after 28 February due to the coronavirus (COVID-19) pandemic, HMRC has…
Thousands of families across the UK are missing out on the chance to save money on the costs of childcare, HMRC has revealed. Tax-Free Childcare (TFC) permits parents and carers…
The UK economy shrank by 2.9% in January as the third coronavirus (COVID-19) lockdown took its toll and Brexit hit exports, according to the latest figures from the Office for…