Tax contribution from UK businesses up in 2018/19

Apr 25, 2019 |

Analysis of government data by a body representing British businesses has found that together UK firms paid £196 billion in taxes in 2018/19. In 2017/18, the total bill was £188 billion. At the current rate, the CBI says, UK firms are contributing 27% of tax revenue,...

The structural dilemma facing buy-to-let landlords

Apr 24, 2019

Buy-to-let landlords are having a rough time of it, with the Treasury introducing several tax measures that are beginning to eat into the profits of those with residential property portfolios in the UK. When most people buy a house, they have to take out a mortgage,...

Residence nil-rate band increases for a third time

Apr 24, 2019

Inheritance tax receipts reached another record high of £5.369 billion in 2018/19, despite a relatively new allowance giving married couples and civil partners the facility to pass on a family home worth up to £900,000 tax-free last year. According to HMRC,...

Quarter of women over 55 have no private pension

Apr 24, 2019 |

One in four female homeowners over the age of 55 have no private pension, according to research from SunLife. In a poll of more than 1,000 homeowners over 55, 24% of women said they had no savings stashed away in a private pension, compared to only 6% of men. The...

Audit industry shake-up gathers momentum

Apr 23, 2019 |

The Competition and Markets Authority (CMA) has thrown its weight behind MPs who have called for a break-up of audit and consultancy services. Earlier this month, the Business, Energy and Industrial Strategy Committee highlighted a conflict of interest between audit...