Tax Tips and News
£1.28bn inheritance tax saved by leaving money to charity
Newsletter issue – November 2026
Families saved an estimated £1.28bn in inheritance tax (IHT) by leaving money to charity through their wills. This represents an 88% increase over the past six years. Gifts to charities are exempt from inheritance tax, making them an increasingly popular estate-planning tool. Assets left to charity are not subject to IHT. If at least 10% Read More
HMRC signs deal to modernise its data systems to help tackle evasion and fraud
Newsletter issue – November 2026
HMRC has signed a £175 million, 10-year agreement with Quantexa, a London-based technology company in what is described as one of the largest public-sector technology deployments. HMRC wants to replace its fragmented legacy data systems, which currently make it harder to identify tax evasion, fraud, and unpaid taxes. Tax evasion is estimated at £5.5bn with Read More
Estate valuation mistake leads to large IHT bill
Newsletter issue – November 2026
Justine Fernandes ended up paying around £8k too much in inheritance tax after she and her brother significantly overestimated the value of their late mother's possessions when dealing with her estate. They estimated that antique furniture, jewellery, clothes and other belongings were worth about £20k. Based on that estimate, they paid roughly £8k in inheritance Read More
Owners of second homes pushed into debt after tax change
Newsletter issue – November 2026
Hundreds of second home and holiday-let owners in Pembrokeshire, Wales have accumulated large council tax debts following changes to Welsh rules on holiday accommodation. Since 2023, owners must demonstrate that their holiday let was occupied for 182 days a year to qualify for business rates. Previously, only 70 nights of bookings were required. Those who Read More
November Questions and Answers
Newsletter issue – November 2026
Q: How can I reduce the tax I'm paying on my substantial savings interest, particularly when the rates go up in April? A: Most savers can earn some interest tax-free through the Personal Savings Allowance (PSA). Basic-rate taxpayers get up to £1,000 of savings interest tax-free, higher-rate taxpayers get up to £500 tax-free, and additional-rate Read More
November Key Dates
Newsletter issue – November 2026
1st Corporation Tax payments are due for companies with a year-end of 31st January. 19th For employers operating PAYE, this is the deadline to send an Employer Payment Summary (EPS) to claim any reduction on what you'll owe HMRC. It is also the deadline for employers operating PAYE to pay HMRC by post, for October. Read More
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