Business

In her autumn Budget, Reeves announced that she would charge IHT on unused defined contribution pension pots from March 2027. Currently, inherited pensions are exempt from IHT, although beneficiaries may have to pay income tax on withdrawals if the policyholder dies from age 75. As I’ve written before, this is …

President Trump accused Ireland of luring American pharmaceutical companies, taking revenue and jobs from the U.S. because of its low corporate tax rate. President Donald Trump on Wednesday accused Ireland’s tax system of luring American pharmaceutical companies, taking revenue and jobs from the U.S. because of its low corporate tax …

The state pension is due to rise to £230.25 a week in April from £221.20. This means state pensioners will get £11,973 a year, Richard Smith, an independent consultant who is working on the government’s pensions dashboard project explained that in some months savers would see their state pension total …

Rep. Riley Moore, R-W.V., discusses the U.S.- Canada trade talks and how they are set to resume this week on ‘The Bottom Line.’ President Donald Trump’s 25% tariff increase on all steel and aluminum imports officially took effect on Wednesday, the latest move in the administration’s plans to reshape global …

HMRC is planning an American-style “reward scheme” for taxpayers who alert the authorities to tax fraud and evasion. In a UK first, informants will receive compensation linked to the amount of money the taxman claws back under radical new plans inspired by similar schemes in the US and Canada. The …

Ontario Premier Doug Ford is acting “egregious” and “insulting” with his threat to cut off electricity to Americans over tariffs, the White House says. The premier of Ontario, Canada, Doug Ford, has agreed to suspend its 25% surcharge on electricity exported to Michigan, Minnesota and New York. Ford and U.S. …

The state pension could be under review as the government is faced with making difficult decisions to solve the UK’s savings and economic crisis, Torsten Bell, minister for pensions has said. Bell, who was speaking at the Pensions and Lifetime Savings Association annual investment conference in Edinburgh, refused to rule …

Ontario Premier Doug Ford is acting “egregious” and “insulting” with his threat to cut off electricity to Americans over tariffs, the White House says. Ontario Premier Doug Ford is acting “egregious” and “insulting” with his threat to cut off electricity to Americans over tariffs, the White House said Tuesday.  White …

City watchdogs have outlined plans for a massive compensation and redress scheme that would see billions of pounds paid to millions of people who lost out on rip-off car finance. The Financial Conduct Authority (FCA) has stated that a formal redress scheme is increasingly likely if the courts confirm that …

Sen. Rick Scott, R-Fla., weighs in on a major leak from a former IRS contractor and argues there is a double standard for accountability on The Bottom Line. New data from the Internal Revenue Service (IRS) shows that the average tax refund received by American taxpayers in the 2024 tax filing …