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Working through Inheritance Tax (IHT) is difficult after any death. The residence nil rate band (RNRB) provisions for spouses or civil partners can be especially confusing to navigate.

For example, when the second individual passes away, any unused RNRB left over from the first individual’s death can be relieved – but some executors are using the value at the first person’s date of death to claim this, when they should be using the second person’s date of death.

It doesn’t seem like HMRC has been picking up on this error, so if you think a mistake has been made in RNRB relief value in a case like this, then you’ll have to write to them yourself.

This blog explains the basics of residence nil rate band relief and what to do if you need help with claiming RNRB transfers.

The latest data from HMRC shows that Inheritance Tax (IHT) receipts from the Treasury have doubled in the last decade.
While it was once seen as something that only the wealthy would have to worry about, more and more people are finding themselves liable for IHT.
But what exactly is an Inheritance Tax receipt, and why are so many people having to pay?
This blog explains what’s going on with IHT and what you can do to reduce your own liability.

Companies that claim tax relief or tax credits on research and development (R&D) expenditure will see some changes to the system for accounting periods starting from 1st April 2023.

Several new activities will qualify for R&D relief, but the process for making R&D relief claims will be different. Not only will the service go completely digital, alongside many other tax services, but the rules are also being adjusted to try to reduce fraudulent R&D claims.

Here’s what you should know about the R&D tax relief changes that will come into effect next year.

After much speculation, new Prime Minister Liz Truss has announced the government’s plans to handle the ongoing energy price crisis. This highly anticipated statement comes a few weeks after the Ofgem price cap rose to an eyewatering £3,549 a year.
The earlier assistance package proposed by then-Chancellor Rishi Sunak in February was based on projections of the price cap increasing from £1,971 in April to £2,800 in October. Since then, Ofgem has decided to review the price cap every three months instead of every six months.
The regulator’s current price cap of £3,549 for the October–December 2022 period is an increase of 80% on the current level, but projections for the next three-month period’s price cap suggest an even more shocking increase to £6,500 a year in the first quarter of 2023.
To support the British public and businesses with soaring energy bills this winter, the government is taking action to provide financial support and tackle the underlying issues with the UK energy market. This blog explains what you need to know about the new energy price cap.

In July 2022, the UK government published details of new legislation that will allow workers who save for their pension through a Net Pay Arrangement (NPA) to receive the same level of top-ups from the government as workers who save through a Relief at Source (RAS) scheme.
When the new legislation takes effect in April 2024, around 1.2 million workers will receive the government support they previously lost out on due to an anomaly in the system, which has been resulting in less take-home pay for those enrolled in these ‘net pay’ pension schemes.
This correction to the pension tax system means that lower earners could see up to a hundred extra pounds a year added to their take-home pay from the start of the 2024–2025 tax year. Read on to learn more about the previous situation, how it’s changing, and how this could affect your earnings.

The government’s Help to Grow: Digital scheme, which offers discounts worth up to thousands of pounds on approved digital accounting software for UK businesses, is now expanding its reach.

Previously, only businesses with a minimum of 5 employees were eligible for the scheme, but it’s now open to businesses with just 1 employee. This means that many more businesses with only one employee can now access discounts and support for digital services through the scheme.

This blog explains the latest Help to Grow: Digital changes, who can access it, and which support services are available – plus some advice on why your business accounts should be going digital.