Author: Emily Wilson

Scotland needs a new tax system and higher tax revenue

Scotland needs a new tax system and higher tax revenue

This was the conclusion reached in a paper published by Reform Scotland at the end of June 2022 and written by Heather McCauley, a former senior civil servant who has worked for the UK, Scottish and New Zealand Governments. We […]

Reclaiming overpaid inheritance tax

Reclaiming overpaid inheritance tax

Inheritance tax (IHT) is expected to raise £37 billion over the next five years – £10 billion more than in the past five years. But IHT is sometimes overpaid and it is reported that families have made 32,000 claims for IHT […]

what is employment?

what is employment?

The Court of Appeal has for the first time ruled on employment status under the intermediaries legislation (often known as IR35) in two cases involving Kaye Adams and Paul Hawksbee – and agreed with HMRC in both. In each case […]

HMRC’s late payment interest rate rise

HMRC’s late payment interest rate rise

HMRC’s late payment interest rate has gone up by another quarter percent, and now stands at 3.75%. Late payment interest encourages prompt payment, ensuring fairness for those paying on time. The rate for overpayments remains at 0.5%. >Read more: changes […]

Charitable giving pitfalls

Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. With Gift Aid donations saving tax at an individual’s marginal rate, donors need to watch out for any pitfalls that might […]

Higher rate taxpayers: no longer a select club

Higher rate taxpayer numbers are rising sharply, and if that’s you, then advice is now more important than ever. Source: ONS data, OBR projections. There was once a time when paying tax at more than the basic rate made you […]

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