NEWS
Stay up to date with what’s going on in the world of tax and finance. Our news stories cover the latest developments in tax, employment and economics that affect businesses and individuals.
Stamp duty receipts hit high, despite holiday
Receipts for July 2021 second highest on record.Call to scrap proposed basis period reform
Reform could create as many problems as it solves.EVs could ‘create £30bn tax hole’
Calls for new road pricing system to replace fuel duty.Summer saving hampers consumer spending
Britons’ savings down in July but above expectations‘Cladding tax’ a step closer to 2022/23 introduction
HMRC considers bringing in a new residential property developers’ tax.Pension freedoms age to increase from 55 to 57
Plans to be written into Finance Bill 2022 and take effect from April 2028.37% plan to use state pension for care costs
Care costs become unaffordable for some pensioners.Fresh concerns over capital gains tax rise
A tax hike could generate £14bn a year.IHT overwhelmingly hits London and South East
Hertfordshire pays more IHT than Northern Ireland and Wales combined.Advisory fuel rates update
New fuel rates from 1 September 2021 onwards.