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LEXeFISCAL Blog

What is an inheritance tax (gift tax or alternative tax if relevant) in the UK? How does it work?

1 February 2022 Inheritance tax (IHT) is charged on the ‘value transferred by a chargeable transfer’ (section 1, Inheritance Tax Act...

What are the income tax rates in the UK?

25 January 2022 How much Income Tax is due in each tax year depends on: the income above the Personal Allowance; how much of the income...

Green Enviromental Tax

18 January 2022 Heads Ups for Green/Environmental Tax While the concept of green tax or ecological tax is not a new one, it is however,...

The Omicron Hospitality and Leisure Grant: Check your eligibility

18 January 2022 The Omicron Hospitality and Leisure Grant provides local councils with one-off grant funding to support to businesses, in...

HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

11 January 2022 HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one...