Government Urged to Rethink Pension Inheritance Tax Shake-Up
The Chancellor’s decision to bring pensions into the inheritance tax (IHT) net has sparked alarm among savers, with billions already withdrawn from retirement pots ahead of the change. Under plans set out by Rachel Reeves in the Autumn 2024 Budget, from April 6, 2027 most unused funds from defined contribution Continue Reading
Scrap Digital Tax, or no Free Trade Deal
The US will not negotiate a free trade deal with the UK unless a new digital services tax is dropped, according to a newspaper report – Source: Sky News The measure, which was proposed in 2018 by then chancellor Philip Hammond in response to fears that technology giants were not Continue Reading
G20 To Tackle Tax Avoidance
The finance ministers meeting today at the G20 held in Moscow have today pledged to ensure that multinational companies will no longer be able shifting profits from a home country to pay less tax elsewhere – the aim is to prevent tax avoidance by large companies. France, Britain and Germany have been the Continue Reading
UK and Swiss agreement on tax evasion
The Government is today initiating a historic agreement with Switzerland to tackle offshore tax evasion in an effort to resolve the long-standing abuse of Swiss banking secrecy by those who seek to conceal the proceeds of tax evasion, this measure is expected to secure billions of pounds of unpaid tax Continue Reading
