New HMRC data out today shows that IHT receipts for April 2021 to March 2022 were £6.1 billion – £0.7 billion higher than the same period a year earlier.

NI receipts totaled £157bn, up almost 10pc on the prior year even before higher rates came from April. Capital gains duties paid on investment profits rose a third to almost £15bn, while the Treasury’s take of divisive 40pc death duties reached a record £6bn, driven up by higher house prices.

On 11 April 2022 HMRC announced a settlement opportunity for companies or individuals who have used certain tax avoidance schemes involving remuneration trusts. The settlement opportunity will be open for applications until 31 July 2022. The settlement opportunity is available to individuals or companies only, whose scheme meets certain criteria detailed in the settlement publication. […]

Following our recent ‘Volatility in rates‘ webinar, Alex Chernoff, Executive Director at Global Reach, further discusses how volatility has been impacting businesses and how to effectively manage foreign exchange (FX) during these times. 

The latest edition of our Corporate and Private Client eNews is now available to download.

Gareth Ogden, Partner, has written an article for Propel Weekend Roundup. Just as the impact of the covid-19 pandemic begins to properly tail off and it feels as if we are returning to some sort of normality, so arises another crisis which threatens to cast a shadow on the recovery. To read the full article, […]

The latest edition of our Charity and Not for Profit eNews is now available to download.

Employers are faced with many challenges, including the challenges in which changes to the legislation presents to them.