ICAEW raises concerns over charity tax proposals
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised serious concerns about proposed changes to charity tax rules, warning they could discourage people from leaving charitable bequests in their
Tax hikes fear trigger asset sell-offs
Investors brace for capital gains tax increase. This “frenzy” of activity comes as concerns mount that the Labour administration will increase taxes to address a £22 billion shortfall in public finances. Wealth mana
Crypto investors urged to review tax obligations
The Chartered Institute of Taxation (CIOT) has emphasised the importance of accurate and up-to-date tax reporting for all crypto-asset owners. Crypto investors in the UK are urged to review their tax obligations as HMRC
CGT take falls by £2.5 Billion
Only 369,000 taxpayers paid CGT in 2023, resulting in a £2.5bn drop in revenue to £14.4bn. Only 369,000 taxpayers paid capital gains tax (CGT) in the last tax year, a decrease of 40,000 from the previous year. Despite
