UK government to move tax year end date?
Independent body will assess implications of change to 31 March or 31 December
Independent body will assess implications of change to 31 March or 31 December
As UK government body recommends tax payment extensions for divorcees and property buyers
But ‘tinkering with the CGT system’ could have knock-on effects for other areas like IHT
Only 19% believe they will have a positive impact if introduced
The UK’s Office of Tax Simplification (OTS) will publish a report on the processes and complexities around inheritance tax (IHT) in autumn 2018, opening the door to the possibility that IHT could be simplified within the next two years.
The UK Treasury is seeking a permanent chair and tax director for the Office of Tax Simplification.
Andrew Watt takes a closer look at this weeks report from the OTS and considers the likely outcome.
The UK Treasury is likely to close scores of tax relief tools following a review by the OTS.