Tax Planning

The Government is considering replacing the current practice of increasing benefits in line with inflation, according to the BBC.

Her Majesty's Revenue & Customs (HMRC) claimed back almost £90m last year by challenging the inheritance tax (IHT) valuations on the property of people who died, figures show.

Households should see a rise in real incomes from next year on the back of slowing inflation and rising pay growth, a report by the Centre for Economic and Business Research (CEBR) suggests.

TAX PLANNING

Liberal Democrat leader Nick Clegg will argue for a "time-limited" extra tax on the UK's wealthiest people as politicians reconvene after their summer breaks.

FATCA

Her Majesty's Revenue & Customs (HMRC) said it has prevented some £200m from being diverted from the Exchequer after winning three court decisions against tax avoidance schemes.

HM Revenue & Customs (HMRC) will spend an extra £34m and recruit up to 1,000 extra contact centre staff to achieve its target of answering 90% of calls, chief executive Lin Homer has announced.

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.

DOUBLING-UP