News

Gifts out of income and their benefits to beneficiaries - 07/06/2018

Giving away surplus income as a gift to family members is often touted as an excellent way of planning for the future and as a way of reducing liabilities on a person's estate. But how do the rules regarding gifts work in practice?

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Employers attempting to avoid auto-enrolment penalties could have assets seized - 07/06/2018

The Pensions Regulator (TPR) has announced that employers could have their businesses' assets seized to pay their debts if they fail to pay workplace pension fines.

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Twice as many workers receiving back pay through National Minimum Wage enforcement - 07/06/2018

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018.

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Government Brexit redeployments to delay Making Tax Digital for Individuals - 07/06/2018

A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital for Individuals.

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Replace Inheritance Tax with ‘lifetime receipts tax’, argues thinktank - 07/06/2018

With the issue of intergenerational fairness continuing to be high on the agenda, a thinktank has suggested that the Treasury returns to the drawing board when it comes to taxing bequests and inheritances.

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Ministers make an about-turn on tax haven transparency measures - 07/06/2018

In a reverse of its previous position, the Government has backed measures to increase the transparency of offshore tax havens.

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Vigilance urged as fraudsters fake security measures to access bank accounts - 07/06/2018

Businesses and individuals are being encouraged to redouble their vigilance as fraudsters fake security measures in order to gain the information needed to access and drain bank accounts of funds.

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‘Bank of Mum and Dad’ feels the squeeze - 07/06/2018

The average amount contributed by parents towards home purchases has fallen by 17 per cent over the last year, according to Legal & General (L&G).

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