Tax Archives - Wealth & Finance International https://wealthandfinance.digital/category/tax/ Wed, 04 Jun 2025 15:32:45 +0000 en-GB hourly 1 https://wordpress.org/?v=6.8.2 https://wealthandfinance.digital/wp-content/uploads/2018/07/cropped-favicon-2-32x32.jpg Tax Archives - Wealth & Finance International https://wealthandfinance.digital/category/tax/ 32 32 Getting Taxpayer and Stakeholder Feedback Is How Tax Policy Should Be Developed by HMRC https://wealthandfinance.digital/getting-taxpayer-and-stakeholder-feedback-is-how-tax-policy-should-be-developed-by-hmrc/ Wed, 04 Jun 2025 15:32:44 +0000 https://wealthandfinance.digital/?p=70592 Getting taxpayer and stakeholder feedback is how tax policy should be developed by HMRC, say leading audit, tax and business advisory firm, Blick Rothenberg.

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]]> New Data Reveals An Estimated £47 Million Saved by UK EV Drivers Renewing Road Tax Before April Deadline https://wealthandfinance.digital/new-data-reveals-an-estimated-47-million-saved-by-uk-ev-drivers-renewing-road-tax-before-april-deadline/ Thu, 29 May 2025 16:20:51 +0000 https://wealthandfinance.digital/?p=70570 According to new research from cinch, the UK’s biggest online used car retailer, electric vehicle (EV) owners in the UK saved a potential £47,696,610 by renewing their Vehicle Excise Duty (VED) before the government's new road tax regulations came into effect on 1 April 2025.

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]]> Intuit Unveils New QuickBooks Solution Ahead of Making Tax Digital for Income Tax https://wealthandfinance.digital/intuit-unveils-new-quickbooks-solution-ahead-of-making-tax-digital-for-income-tax/ Wed, 21 May 2025 10:26:40 +0000 https://wealthandfinance.digital/?p=70550 Intuit Inc., the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced that QuickBooks will support almost two million additional tax payers and their accountants.

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]]> Awareness Without Understanding: Self Assessment Tax Payers Know About MTD—But Many Still Don’t Understand It https://wealthandfinance.digital/awareness-without-understanding-self-assessment-tax-payers-know-about-mtd-but-many-still-dont-understand-it/ Tue, 15 Apr 2025 13:15:26 +0000 https://wealthandfinance.digital/?p=70420 While 91% of UK self assessment tax payers have heard of Making Tax Digital (MTD) for income tax, new data reveals a critical gap between awareness and readiness.

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]]> What Are the Tax Implications of Withdrawing From Your Retirement Fund? https://wealthandfinance.digital/what-are-the-tax-implications-of-withdrawing-from-your-retirement-fund/ Tue, 15 Apr 2025 12:56:21 +0000 https://wealthandfinance.digital/?p=70414 Withdrawing funds from a retirement account can trigger a range of tax implications depending on the type of account and the timing of withdrawal.

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]]> Less Than Half of UK Adults Aware of Pension Tax-Free Cash Limits https://wealthandfinance.digital/less-than-half-of-uk-adults-aware-of-pension-tax-free-cash-limits/ Tue, 04 Mar 2025 16:01:36 +0000 https://wealthandfinance.digital/?p=70312 According to data from investment, life insurance and retirement specialist LV=, only 46% of non-retired UK adults with a pension say they understand the financial implications of how much tax-free cash they can take from pension savings.

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]]> Audit-Proofing Your Tax Write-Offs https://wealthandfinance.digital/audit-proofing-your-tax-write-offs/ Tue, 25 Feb 2025 11:03:39 +0000 https://wealthandfinance.digital/?p=70278 Maximizing your tax deductions can reduce your taxable income, but if you’re not documenting them currently, you could set yourself up for an IRS audit.

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]]> Closing the ‘Tax Gap’: More Businesses than Ever to Face HMRC Investigations https://wealthandfinance.digital/closing-the-tax-gap-more-businesses-than-ever-to-face-hmrc-investigations/ Mon, 27 Jan 2025 15:23:37 +0000 https://wealthandfinance.digital/?p=70198 In 2025, the new government’s changes to the tax system will gradually roll out, including measures to reduce what it calls the ‘tax gap’.

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]]> Inheritance Tax: Essential Updates and Strategic Insights for Wealthy Individuals https://wealthandfinance.digital/inheritance-tax-essential-updates-and-strategic-insights-for-wealthy-individuals/ Wed, 22 Jan 2025 17:07:21 +0000 https://wealthandfinance.digital/?p=70189 Inheritance Tax (IHT) has been the subject of a lot of media and online discussion; some of it inaccurate. 

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]]> Six Key Policies Outlined Ahead of General Election to Fuel Britain’s Entrepreneurial Renaissance https://wealthandfinance.digital/six-key-policies-outlined-ahead-of-general-election-to-fuel-britains-entrepreneurial-renaissance/ Wed, 05 Jun 2024 11:58:32 +0000 https://www.wealthandfinance-news.com/?p=67979 With the UK approaching a pivotal general election this July, a new manifesto is calling on all political parties to implement policies designed to ignite entrepreneurship and drive economic growth.

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