45% of gifters unclear on inheritance tax rules

More than half of people making large gifts of money or assets are unaware of inheritance tax rules that might apply to them. Research of 2,090 people conducted on behalf of HMRC found that only 45% of those who had recently made a gift knew about the rules at the...

Stamp duty surcharge ‘could impact couples’

A planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home, the Association of Taxation Technicians (ATT) has warned. The proposed change, outlined in a HMRC consultation, says non-UK residents buying a home...

Pensions Regulator targets non-compliant employers

Employers who are failing to meet their auto-enrolment obligations are being targeted with mandatory short-notice inspections by The Pensions Regulator (TPR). From 15 May 2019, and continuing through the summer, TPR will use data to detect employers who are suspected...

Unemployment falls to 3.8%

The unemployment rate in the UK has fallen to its lowest rate in nearly 45 years, at 3.8%. Figures from the Office for National Statistics show that from January to March 2019, an estimated 1.3 million people were unemployed, while 37.2m were in employment. The last...

Inheritance tax receipts to double by 2030

Taxpayers in the UK are set to pay a total of £10 billion a year in inheritance tax by 2030, according to projections from Canada Life. The most recent data from the Office for National Statistics shows that the Government collected £5.2bn in inheritance tax receipts...