‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze December 20, 2024 The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed [...]
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]
Gary Lineker’s battle over £5m tax bill with HMRC takes latest twist December 3, 2024 Gary Lineker’s dispute over a £4.9m tax bill was back in court this week, as HMRC aims to overturn a previous ruling in Lineker’s favour
Oh! Darling: Harry Potter star Rupert Grint owes taxman £1.8m thanks to Beatles clause November 29, 2024 Harry Potter star Rupert Grint's appeal against HMRC imposing a £1.8m tax bill on him was dismissed, after a Tribunal upheld a Beatles clause
UK property market surges but warnings of Budget’s impact linger November 29, 2024 Transactions in the UK residential property hit over 100,000 in October but expects warn the full impact of the Budget has yet to be filtered in
Inheritance tax receipts rise as Brits warned to ‘make plans to pass on wealth’ November 21, 2024 Inheritance tax receipts have risen again as experts are warning Brits to better plan for the passing on of wealth, after the Autumn Budget changes. Fresh figures released this morning show inheritance tax receipts for between April and October of this year are £5bn, which is £500m higher than the same period last year. This [...]
HMRC pays out nearly £1m in tax fraud tip-offs November 20, 2024 The tax agency HMRC has nearly doubled the amount paid out to those making tip offs, the highest figure of at least the past seven years
Supreme Court: Firms linked to top Morgan Stanley banker and Wayne Rooney denied tax allowances November 20, 2024 Investment firms have been denied using tax allowances from a marketed tax scheme by the Supreme Court after it dismissed its appeal against the HMRC
Thomson Reuters falls at hurdle in fight against HMRC tax bill November 15, 2024 After trying to fight a whopping £167m tax bill, a court has sided with the tax agency against Thomson Reuters
Huge debts revealed at firm backed by Money Saving Expert’s Martin Lewis November 13, 2024 A company backed by Money Saving Expert’s Martin Lewis has crashed into liquidation owing almost £8m. Documents filed with Companies House have confirmed that London-based Magway recently appointed Gateway as its voluntary liquidator. According to the statement of affairs document, the firm had an estimated total deficiency to its members of over £7.7m. Among its [...]