Monthly Archives: June 2014

Family business handovers falling

The ‘Second Generation Family SMEs in the UK’ report, compiled by Barclays and Cebr suggests that fewer family businesses are being passed down to the third generation. The report found that the number of businesses handed on to the next …

Johnson calls for IHT review

Paul Johnson, the director of the Institute for Fiscal Studies, has called on the Treasury to reform IHT to relieve a growing proportion of the middle class that are shouldering the levy. Mr Johnson said ministers should consider closing exemptions …

Balls: Mansion tax plan will only hit rich

Ed Balls has said that Labour’s mansion tax plans would be banded, starting at properties worth more than £2m and rising with higher rates at £5m and £10m and properties worth over £20m subject to a significantly greater contribution. Mr …

More people paying the wrong amount of tax

HMRC estimates that 3.5m people paid too little tax through the PAYE system in 2013–14, and will now have to pay back the money in future years. A further 2m people are thought to have paid too much tax. The …

Self-employed pension gap

An annual Scottish Widows survey suggests that almost 4 in 10 self-employed people do not save into pensions, Isas or savings accounts.The number of self-employed workers contributing to a pension fund has fallen to 530,000, down from 1.2m in 2002, …