Cost of pension tax relief surpassed £50bn in 2021-22
But this should not become a justification for cuts
Tax & Technical
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US to lower citizenship renunciation fee
It will go back to the same level introduced by Barack Obama in 2010
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How expats in EU are getting around UK bank account closures
But there are issues they should keep in mind
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Tax pensions on death, UK government told
DC schemes front and centre but scant mention of defined benefit pots
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‘Great disappointment’ as Macron backtracks on US Fatca talks
Mere days after confirming he would have raised the issue with president Biden
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Macron pledges to discuss Fatca with Biden
Accidental Americans hope the US president ‘will recognise the gravity of the problem’
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Could the UK shutter its non-dom regime?
Chancellor has asked the Treasury to review the impact of scrapping the tax status
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‘Double tax trap’ risk from IHT and CGT changes
‘People could fall foul of the fiddly rules and not know they have an extra tax bill to pay’
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IHT receipts 14% higher than in 2021
Taxman has collected £4.1bn in the current tax year so far
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Spain to supercharge its wealth tax
Which could come into force as early as December 2022
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‘Deep freeze’ and tax cuts mean bad news for IHT and CGT
Chancellor Jeremy Hunt unveils ‘balanced plan’ to cope with record inflation and cost-of-living crisis
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Just 15% of HNW Brits believe they should pay more tax
Chancellor Jeremy Hunt is likely to announce changes in the upcoming Autumn Statement