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Professional accountants serving the UK and helping small businesses to grow!

Whether you are an expanding company or just starting up, KAMP Accountants is here to help.

With extensive experience working with large and small clients throughout the UK, we support large and small business in a broad range of business sectors with all their accountancy requirements.

Treasury coffers swell from IHT bills - even before imminent reforms set in

Newsletter issue – January 2025

Reforms to Inheritance Tax were arguably among the most contentious measures that Rachel Reeves announced during her Autumn Budget.

We've seen farmers staging significant protests in London regarding changes to how agricultural properties are taxed when it comes to IHT.

But it seems that IHT receipts are rising swiftly even before any of the proposed changes can take effect.

Compared to the same half-yearly period last year, the Treasury took in £0.6bn extra in April to November 2024. That's according to new figures released by HMRC.

With these latest numbers, it appears that IHT continues to be on course for a record year of receipts. Analysts have noted that in total this year, before December's figures are announced, IHT receipts are already more than half a billion pounds higher than 2023. Commentators are predicting that with the changes to come as well, that the amount of IHT reaching Treasury coffers will keep on increasing in the next few years.

Another noteworthy figure that has been recorded in the media regarding the latest stats is that gross tax and National Insurance receipts for April to November 2024 rose by £15bn compared to a year ago. This figure included the IHT receipts.

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations and projections
  • Annual superannuation certificates for Partners
  • Practice manager training about bookkeeping
  • 2 - 4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

•VAT advice •Capital gains tax planning •Partnership agreements •Surgeries finances •Pension planning •Budget and cashflow planning •Inheritance Tax planning

Recurrent Annual Services based on fixed fee:

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations for Principles and Associates
  • Practice manager training about bookkeeping
  • 2-4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

  • VAT advice
  • Capital gains tax planning
  • Partnership agreements
  • Surgeries finances
  • Pension planning
  • Budget and cashflow planning
  • Inheritance Tax planning

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Medical Practices

Our specialist team provides a wide range of accounting and business services to General Practice.

Recurrent Annual Services based on fixed fee:

Dental Surgeries

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Recurrent Annual Services based on fixed fee: