Tax
The latest news, updates and opinions on Tax from the expert team here at MoneyWeek
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Inheritance tax receipts rise again as rumours persist about Budget changes
Inheritance tax raised £2.8 billion during April to July 2024, which is £0.2 billion higher than the same period last year. Will the chancellor target the tax in her Budget?
By Ruth Emery Published
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More under-40s set for higher tax brackets
A whopping 20% of under-40s will find more of their earnings going to the taxman due to the freeze on income tax bands.
By Ruth Jackson-Kirby Published
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Capital gains tax receipts fall but could be set to soar after the Autumn Budget
Chancellor Rachel Reeves has refused to rule out hiking CGT. An increase to CGT rates in the Budget could push tax receipts back up
By Marc Shoffman Last updated
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Inheritance tax makes an increasing amount for HMRC - can you avoid it?
New data reveals more than 27,000 estates paid inheritance tax in 2021/22. Will they continue to rise?
By Ruth Jackson-Kirby Published
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Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Last updated
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Rachel Reeves: Labour has inherited a projected overspend of £22 billion from the Conservatives
The Chancellor has announced an array of measures to save money, including scrapping the Stonehenge tunnel, ditching social care reforms, and making the winter fuel payment means-tested
By Ruth Emery Published
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Tax return: HMRC’s payments on account deadline is approaching – here is why it is unfair for the self-employed
Feature Self-assessment taxpayers have just under a week to pay the latest instalment of their tax return, but is the charge fair? Marc Shoffman explains why this is hurting self-employed people
By Marc Shoffman Last updated
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Inheritance tax on track for another record year
Inheritance tax receipts have surged to £2.1 billion in the first three months of the new tax year. Will they continue to rise, and how can you slash your bill?
By Katie Williams Published
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How to manage redundancy when you’re close to retirement
Getting hit with redundancy when you’re close to retirement can be devastating, but it could also be a chance to consider your options.
By Harriet Meyer Published