Archive:January 2025

Please find below all the articles from January 2025.

Self-Assessment scammers warning as January deadline nears

Friday, January 3, 2025

It’s sadly become all too common a trend in recent times, that the Self-Assessment Tax Returns deadline has become a time for criminals to exploit and target.

Attempts to scam the self-employed and others filling out their forms before the 31 January are ramping up, officials have warned.

In particular, taxpayers have been cautioned to look out for so called ‘refund scams’. Watch out for emails that take this approach.

HMRC received nearly 150,000 referrals about possible scams in the last year. Around half of all scam…

Treasury coffers swell from IHT bills – even before imminent reforms set in

Friday, January 3, 2025

Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget.

We’ve seen farmers staging significant protests in London regarding changes to how agricultural properties are taxed when it comes to IHT.

But it seems that IHT receipts are rising swiftly even before any of the proposed changes can take effect.

Compared to the same half-yearly period last year, the Treasury took in £0.6bn extra in April to November 2024. That’s according to new figures released by
HMRC.

With these…

Stamp Duty tax receipt trends revealed in new reports

Friday, January 3, 2025

Among the changes we saw at Budget 2024 related to Stamp Duty – the tax you pay when you buy a new
property.

And a raft of new statistics has been released in the last couple of weeks, suggesting a significant trend downwards in terms of the amount of money the
Treasury is receiving from this form of tax in the last couple of years. But on the flip side, other figures show signs of an increase in the later part of
2024.

The higher rates…