HMRC’s new approach to historical tax irregularities could see more taxpayers being named and shamed. This could have serious financial and reputational risk for taxpayers, and there is an urgent need for further clarification from HMRC on what the
If you are covering the Chancellor’s letter to the Office of Tax Simplification asking for a review of inheritance tax, please find comment from Rachael Griffin, tax expert at Old Mutual Wealth:
More than two thirds of UK consumers with assets of more than £325,000 ($454,305, €370,339) do not know their estate may be liable for an inheritance tax (IHT) bill, according to research by Canada Life.
In 2017, the UK scrapped its non-dom tax regime. Consequently, an increasing number of individuals are instead relocating their tax domicile to Italy
The removal of Bahrain was also initially considered, but its delisting was eventually not recommended, the documents show.