Inheritance tax enquiries surge to six-year high after HMRC clampdown Economics Tax authority probes into households’ inheritance tax returns have surged to a six-year high, after a government-led crackdown on avoidance and non-compliance. HMRC opened a total of 4,940 formal inheritance tax enquiries over the last financial year, according to new data obtained by chartered accountants Price Bailey, an 18 per cent increase on the previous [...]
Family-owned Tottenham brewer falls into administration as industry pressures mount Hospitality A beloved family-owned Tottenham brewery that was a key player in London’s craft beer renaissance has fallen into administration amidst mounting cost pressures on the industry. Redemption Brewing Company, which was the first commercial brewery to open in Tottenham in nearly 100 years, is officially listed on the formal register of new insolvency appointments as [...]
Quantexa chief says £175m HMRC deal will ‘protect taxpayers’ money’ Tax HM Revenue and Customs (HMRC) has signed a £175m, 10-year partnership with London-based Quantexa to overhaul its data infrastructure, as the tax authority scrambles to recover billions lost to evasion and sophisticated fraud. The deal – one of the largest tech deployments in the public sector – is designed to fix the “fragmented” legacy systems [...]