Tag: Inheritence Tax

Self-assessments: new points-based penalty system to be introduced by HM Revenue & Customs?

It looks like HM Revenue & Customs may be introducing some changes to late filing penalties based on proposals put forward for the Finance Bill 2018-19. As the rules currently stand, an automatic £100 penalty is issued for failure to submit a self-assessment tax return on time. These penalties can increase significantly depending on how…

September 27, 2018
How To Double Your Inheritance Tax Relief

If you leave your business to your spouse in your will to keep it in the family, this is IHT free, but there is a way to double this relief. If you own all or part of a business you can transfer this to anyone in your will while you are alive as long as…

March 24, 2014

Self-assessments: new points-based penalty system to be introduced by HM Revenue & Customs?