Budget 2020 – 5 Changes That May Affect Your Business

On 11 March 2020 the new Chancellor, Rishi Sunak, presented his first Budget, just a month into the job.  It was always going to be a challenge for him to prepare for the budget in such a short space of time and this wasn’t made any easier for him with the rapidly changing situation with… Continue reading Budget 2020 – 5 Changes That May Affect Your Business

HMRC collects record amounts of IHT

The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a 15% rise in the number of estates liable for IHT. Between 2015/16 and 2016/17, the number of estates paying IHT rose by 3,600 to 28,100.… Continue reading HMRC collects record amounts of IHT

Inheritance Tax

Inheritance Tax For most people, Inheritance Tax is a tax they only encounter when dealing with the estate of someone who has passed away. There’s normally no Inheritance Tax to pay if either: The value of your estate is below the £325,000 threshold You leave everything to your spouse or civil partner, a charity or a… Continue reading Inheritance Tax