Tax and Financial Planning

• No Will Means Tax Windfall for HMRC

  • Posted12 November 2015

  The result of the recent death of actor Roger Lloyd-Pack, best known for playing ‘Trigger’ in the hit series ‘Only Fools and Horses’, serves as a reminder that failing to...

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• New Reports Highlight UK Tax Burden

  • Posted29 October 2015

  A recent report by the TaxPayers’ Alliance (TPA) stated that the average British family pays more than £250,000 in tax (net of tax credits) during a 40-year working life. The...

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• The Up and Down of Bank Deposit Protection

  • Posted9 October 2015

  Hard on the heels of the announcement that the amount of bank deposits guaranteed to be reimbursed in the event of the failure of a covered financial institution is to...

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• HMRC Cash Seizure Rights On the Way

  • Posted23 September 2015

  The Finance Bill currently in Parliament will confirm that HM Revenue and Customs (HMRC) are to be given the right to seize money directly from the bank accounts of taxpayers...

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• HMRC Challenge Gifts in Absence of Formal Deeds

  • Posted4 September 2015

  Gifts made more than seven years before the death of the donor do not generally attract a charge to Inheritance Tax (IHT) on the donor’s death. However, where the...

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• Vagueness of Request Negates HMRC Demand for Information

  • Posted18 August 2015

  When undertaking tax enquiries, HM Revenue and Customs (HMRC) are well known for embarking on ‘fishing expeditions’ for information. In a recent case, a company which was under enquiry for...

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