Freeports face delay due to ‘lack of tax detail’, experts say September 2, 2021 Tax experts have warned that the opening of England’s eight new freeports would likely be delayed because the government had yet to reveal details of the tax regime for the programme. After the locations for the new free trade zones were announced during March’s Budget the Treasury said that the programme could be up and [...]
Taxing times: Sunak to slim down Bank Surcharge – CityAM : CityAM October 19, 2021 The additional tax on banks is set to slashed in the Budget, a boost for the capital’s lenders. The Bank Surcharge, an eight per cent top-up to corporation tax levied on banks, will be reduced to three per cent in the upcoming budget according to the Financial Times. The Chancellor has previously signalled that the [...]
Crest Nicholson makes financial ‘turnaround’ with £70.9m post-tax profit up from 2020 losses January 19, 2022 Crest Nicholson announced its financial turnaround this morning, with profit after tax increasing to £70.9m from a £10.7m loss after tax in 2020.
IEA: Ease tax burden to stimulate job creation after furlough ends September 30, 2021 The government should tilt policy toward stimulating job creation after the furlough scheme ends today, according to a free-market economic think tank. Professor Len Shackleton, editorial and research fellow at the Institute for Economic Affairs (IEA), slammed the chancellor’s decision to hike national insurance as the jobs market emerges from 18 months of life support. [...]
Mel Stride MP: It’s hard to see an ‘easy glide path’ to tax cuts November 10, 2021 The chief of an influential parliamentary committee that scrutinises the government’s spending plans has expressed his distaste at the tax burden swelling to its highest level since the 1950s. Speaking to City A.M., Tory MP Mel Stride, who chairs the Treasury Committee, expressed concerns over Chancellor Rishi Sunak’s decision to finance a ramping up of [...]
‘Triple-whammy’ of inflation, energy bills and tax rises to eat into household budgets September 26, 2021 Incoming budget pressures over the next six months could squeeze the budgets of many Brits. In fact, a “triple-whammy” may leave low income families more than £1,000 worse off annually, according to a think tank. Inflation, rising energy bills and the looming health and social care tax could leave households worse off even after increases [...]
United Utilities: Water firm found to be the most polluting in England hikes dividend May 16, 2024 United Utilities, the water company for the North West of England, has pointed to its robust finances as being behind an uptick in revenue and operating profit in its final results that also included substantial falls in profit after tax and earnings per share.
Exclusive: Growing group of British landlords that live abroad admit tax evasion September 21, 2021 UK expats who own a buy-to-let property in the UK increasingly approach HMRC to admit they have evaded tax, according to new data shared with City A.M. this morning. 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the year up to 31 March, according to data shared by accountancy firm UHY [...]
Best of this week in our opinion pages: from the fintech world to a tax regime to sanction Putin to what social media are doing in the disinformation wars March 19, 2022 As Levelling Up Secretary Michael Gove disclosed the Homes for Ukraine scheme to host people fleeing war in Ukraine, Ajaz Ahmed wrote about the countless refugees who have reached British shores and set up incredibly successful businesses, effectively contributing to the growth of this country. Ahmed also called for businesses to step up and do [...]
Editorial: How can Labour cut through against the tax and spend Tories? September 23, 2021 BARACK Obama’s two books, Dreams from my Father and The Audacity of Hope, are amongst the high-water mark of recent political writing. With his usual fluency, they crafted a back-story onto his political vision, and introduced a junior Senator from Illinois to the world. They were translated into at least 30 languages, and bestsellers everywhere [...]