Inheritance tax receipts to double by 2030

Taxpayers in the UK are set to pay a total of £10 billion a year in inheritance tax by 2030, according to projections from Canada Life. The most recent data from the Office for National Statistics shows that the Government collected £5.2bn in inheritance tax receipts...

7 in 10 people want to see audit evolve

Most people think the audit industry should evolve in a way that will prevent company failures, research has revealed. The Association of Chartered Certified Accountants (ACCA) surveyed 11,000 people across 11 countries, and found that 70% would like to see audit...

Government to protect cash payments

The Government has announced new plans to protect access to cash payments, following reports of increasing cash machine withdrawal charges. The Chancellor, Philip Hammond, said the Treasury, regulators, and the Bank of England will be brought together in a new group...

Business rates need reform, CBI says

The business rates system has become "uneconomical" and "unsustainable", and should be reviewed, according to the Confederation of British Industry (CBI). Business rates are a tax on most properties used for business purposes, and are calculated based on an estimate...

Over-50s support tax break for downsizing

Nearly three-quarters (73%) of people over 50 would support a stamp duty break for people who downsize their home, research from Saga shows. In a survey of 2,000 people, 25% of over 50s said they were struggling to afford the cost of moving house. The research also...