HMRC is treating Inheritance Tax as an increasingly lucrative source of income. Rising asset prices such as property means that the amount of IHT at stake can be very substantial.
The Government’s income from Insurance Premium Tax increased to £6bn in 2017/18*, up 22% on £4.88bn collected the previous year – a far bigger impact on businesses and consumers than had been predicted by the Government, our research shows.
The additional revenue collected from HMRC’s investigations into the underpayment of ‘sin taxes’ on alcohol and cigarettes has more than doubled in a year to £2.6bn in 2017/18, up from £1.25bn the previous year.
HMRC saw its actual cash income from tax investigations unexpectedly drop in the past year, despite the ‘record high’ in extra tax the authority claims to have collected.
We are delighted to announce the expansion of our Manchester office by welcoming two new partners to the leadership team.
The UK’s spirits industry is benefiting from this global trend amongst consumers to spend money on prestige, limited run drinks rather than ubiquitous globalised drinks brands. This boom has ranged from new whisky distillery openings in the Highlands of Scotland through to urban micro gin distilleries as part of the UK’s ‘Ginaissance’.
Gross Disposable Household Income (GDHI) in Hackney increased 199% since 1997 to £19,261 up from £6,448 – more than double the UK average, which saw an 80% rise from £10,817 to £19,432 over the same period.
In our second partner appointment announcement this week we are pleased to announce Adnan Sajid has joined the Manchester office as corporate finance partner.
We are delighted to announce the appointment of former BDO partner, Tracey Pye, to head up our turnaround and recovery (T&R) team.
We advise that Peter Kubik and Michael Kiely were appointed Joint Liquidators of Electro Seeds Limited, a company that traded as a retailer for electronic goods, on 10 July 2018 following meetings of the company’s members and creditors.