HMRC’s new Inheritance Tax Grossing Up calculator: what it means for you

Written by Private Client Associate Director, Liz Higgins Calculating Inheritance Tax (IHT) is rarely straightforward, and it becomes even more complex when gifts in a Will are left “free of tax.” In 2017, HMRC released a grossing up calculator in PDF format, which required a step-by-step manual approach. While effective, it wasn’t the most user-friendly […]

Received a discovery assessment? Here’s what you need to do next

Written by Tax Partner, Dion Laycock Receiving a discovery assessment from HM Revenue & Customs (HMRC) can be unsettling. It means HMRC believes you underpaid tax in a previous year, even if you filed and had your return accepted. However, this does not automatically mean you owe money. You have rights and the ability to […]