Reports: Share profits could be in Tory tax crosshairs September 7, 2021 Stock market investors could be in line for a tax hike, according to reports this afternoon. The Government is expected to announce sweeping changes to National Insurance later today in the House of Commons as part of attempts to fill a gaping hole in the nation’s post-pandemic finances. But one source told The Sun that [...]
Energy giants hold their breath as Boris Johnson refuses to rule out windfall tax and Rishi Sunak starts examining profit levy May 12, 2022 Prime Minister Boris Johnson has refused to rule out a windfall tax on the profits of the energy companies to help relieve the pressure of the cost-of-living squeeze. Chancellor Rishi Sunak has reportedly told Treasury officials to examine plans for a levy on the soaring profits of the oil and gas giants. It follows an [...]
Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.
Rayner property row a ‘storm in a teacup’, shadow minister suggests amid probe April 13, 2024 A shadow minister has dismissed allegations about Angela Rayner’s previous living arrangements as a “storm in a teacup” and rejected suggestions of “double standards” over her tax affairs amid a police investigation.
Pieminister serves up just £1,000 profit after absorbing costs to keep menu prices down February 6, 2024 Pieminister made a pre-tax profit of just £1,000 during its latest financial year after absorbing rising costs in a bid to keep menu prices down as much as possible.
Home buyers face stamp duty of up to 881 per cent higher after Covid-inspired tax holiday March 24, 2022 Since the pandemic-inspired stamp duty holiday came to an end, the amount of SD the average homebuyer in England is now required to pay is 84 per cent higher than it was before the tax break was introduced, and some areas have seen this cost increase by as much as 881 per cent, according to [...]
Rishi Sunak to offer council tax rebates and cuts to protect households from rising energy bills February 3, 2022 The Treasury is preparing a council tax rebate scheme as part of Chancellor Rishi Sunak's plans to ease the pressure on UK households this spring.
Marks and Spencer shares surge to the top of the FTSE 100 as it smashes analyst expectations May 22, 2024 Marks and Spencer has beaten analysts' expectations, posting a 58 per cent jump in profit before tax for the full year, as chief Stuart Machin reaps the benefits of the high street darling's turnaround plans.
Typical British household pays over £1m in taxes in their lifetime… before national insurance hike January 31, 2022 The average household in the UK pays over £1m in taxes in their lifetime even before the national insurance hike comes into effect, reveals a fresh study released today. The new research underlines the heavy tax burden Brits are already shouldering even before the 1.25 percentage point national insurance hike takes effect in April. According [...]
Labour calls for windfall tax on North Sea oil and gas in bid to cut energy bills January 9, 2022 Labour is calling for a windfall tax on North Sea oil and gas to pay for a series of measures that would cut household energy bills by around £600 per year for the country’s lowest wage earners. The plan, unveiled today, would see every consumer save just under £200 per year and 9m of the [...]