Sep 21, 2021 | Personal Tax
Over 6,000 estates paid inheritance tax (IHT) on life insurance policies in 2018/19, according to HMRC figures, despite the fact many would have escaped a tax charge if they had written their policy into a trust. Of the 22,100 estates that paid IHT, over a quarter of...
Sep 7, 2021 | Personal Tax
Stamp duty land tax (SDLT) receipts for the first four months of the 2021/22 tax year totalled £4.6 billion compared to £4.1bn collected in the same period in the 2019/20 tax year, despite the SDLT holiday, figures show. Data from the Office for National Statistics...
Sep 3, 2021 | Personal Tax
The increasing popularity of electric vehicles (EVs) could cause a £30 billion shortfall in tax revenues by drying up money collected from fuel duties unless an alternative is found, new research suggests. The report by the Tony Blair Institute for Global Change...
Aug 27, 2021 | Personal Tax
Inheritance tax (IHT) takes are spread widely across the UK, figures show, with London and the South East of England paying the most. In the 2018/19 tax year, Londoners and those in the South East each forked out an estimated £1.1 billion on their estates. That's...
Aug 17, 2021 | Personal Tax
Inheritance tax (IHT) receipts brought in £5.4 billion in the 2020/21 tax year, marginally less than the total for 2018/19, according to official statistics. IHT receipts were up from 2019/20 by 4%, and just £33 million less than the highest amount ever brought in...
