Pressure builds for MTD delay

Two leading professional bodies have joined the Lords Economic Affairs Committee in calling for the Government to delay the introduction of Making Tax Digital (MTD) for VAT by one year. The Chartered Institute of Taxation (CIOT) and the Association of Taxation...

Retail sales increase in January

Retail businesses have seen an increase to sales in January 2019, bouncing back from a decline over Christmas. Data from the Office for National Statistics shows the quantity of goods sold increased by 1% on the previous month, after falling by 0.7% in December 2018....

Probate charges set to increase

Affluent families in England and Wales face paying probate charges of up to £6,000 from April 2019 after ministers confirmed it as a fee rather than a tax. Families currently pay a flat fee of up to £215 to obtain the grant of probate needed in England and Wales to...

Parents slow to embrace tax-free childcare

More than 91,000 families in the UK took advantage of tax-free childcare in December 2018, the latest government statistics have revealed. Tax-free childcare provides help with childcare costs for working parents who earn more than £120 a week and less than £100,000 a...