IN BRIEF

Some perspective please.

The notification requirements in the new anti-forestalling rules continue the trend of putting the responsibility on taxpayers to tell HMRC whether they think those rules do not apply.

Draft legislation has been published that removes an exception to the targeted anti-avoidance rule (TAAR) in the close company rules for arrangements made as of Budget day.

The great pension 70.5% tax raid of 2024.

I got it wrong in my previous article (The everyday economy, Tax Journal, 4 September 2024) when I suggested that the Chancellor might implement the plans she proposed as a backbench MP in 2018. I should have known. To raise...

On Wednesday morning I asked ChatGPT to write a UK budget to plug a 22bn black hole and second on its list of suggestions was to put corporation tax up by 2% to raise 5bn a year. Happily for corporates, the Chancellor had...

The private equity industry in the UK was on the edge of its seat waiting to see how the new Labour government would act to close the carried interest tax loophole, as promised in their manifesto. There has been much speculation...

In the first Budget given by a Labour government in 14 years, the end of the remittance basis, which has existed in the UK tax system since the introduction of income tax by Pitt in 1799, was definitively confirmed. A key question is whether the...

On the eve of Halloween, our first woman Chancellor, Rachel Reeves, managed to give us a much less frightening CGT experience than had previously been feared. Many of the pre-Budget rumours, such as equalising CGT with income tax rates and the...

From April 2026, two of the main IHT reliefs, Agricultural Property Relief (APR) and Business Property Relief (BPR), are changing:100% relief is limited to the first 1m of combined qualifying agricultural and business assets and...