by VelocityAS | Mar 1, 2022 | Accounting, Finance, IHT, Tax, VAT
Inheritance tax (IHT) is one of the most hated taxes there is, mainly because for many people their estate faces a 40% tax rate which is higher than they would have paid during their lifetime. HMRC’s latest figures reveal there has been a £700m increase in IHT... 
by VelocityAS | Apr 6, 2021 | Budget 2021, income, National Insurance, Tax
To help meet some of the costs of the COVID-19 pandemic, the Chancellor has opted to freeze various allowances and thresholds until April 2026, rather than increase the rates of income tax and capital gains tax. As incomes rise over the period, more people will pay...