General Election 2024: Why Sunak’s ‘triple lock plus’ pledge is not all as it seems May 28, 2024 Sunak's announcement will guarantee that pensioners’ personal allowance will always be higher than the level of the new state pension.
House prices fall as sellers hope to beat tax deadline January 18, 2021 Average property prices fell by nearly £3,000 this month (-0.9 per cent) as sellers tried to temp buyers to squeeze in a sale before the end of the stamp duty holiday. Despite their efforts sellers are unlikely to beat the stamp duty deadline, according to Rightmove, as it typically takes more than four months to [...]
Keir Starmer pushes Boris Johnson to rule out corporation tax rise February 24, 2021 Sir Keir Starmer has called for Boris Johnson to rule out a rise in corporation tax in next week’s Budget amid rumours Rishi Sunak could increase the rate to 25 per cent. Starmer said that “now is not the time for tax rises on families and businesses” at Prime Minister’s Questions (PMQs) today. The Times [...]
The best medicine for the Covid economy? Tax reform December 1, 2020 In last week’s Spending Review, the scale of the economic challenge facing Britain was made unequivocally clear: the worst drop in GDP for centuries, unprecedented peacetime borrowing, and lasting scarring effects on productivity and the labour market. The chancellor is keen to stress that these problems will require a concerted response in the years ahead. [...]
Non-dom policy change could lead to ‘exodus’ of wealthy investors, study finds September 4, 2024 Planned changes to the non-dom tax regime could trigger a “mass exodus” of wealthy investors from the UK, costing the taxpayer around £1bn by the end of this parliamentary term, a new report has warned. The study from Oxford Economics, which polled 72 non-doms and over 50 tax advisors, found nearly two thirds of people [...]
Stamp duty holiday: Property experts split on benefits of tax break extension February 24, 2021 The government is reportedly planning to extend the stamp duty holiday to June, with buyers set to save £1.75bn on 300,000 additional transactions, according to the latest research. There are an estimated 628,000 sales in total still currently in the legal process across the country – including those agreed last year – data from Rightmove [...]
London Tories: Council tax hike is a result of Mayor’s mistakes January 14, 2021 Londoners are struggling. Businesses are closed. Our city’s streets are empty. And yet, it’s during the worst recession for 300 years, that Sadiq Khan has chosen to ask Londoners to pay for his mistakes. Khan’s whopping council tax rise couldn’t have come at a worse time. The Mayor wants to paint himself as the saviour [...]
Sadiq Khan and Shaun Bailey row over ‘ludicrous’ £4.68bn tax bombshell claims April 22, 2021 Tory mayoral candidate Shaun Bailey and Sadiq Khan have today clashed over claims that the incumbent London mayor would raise taxes by £4.68bn over the next three years if re-elected. Bailey said today that Khan’s plans would mean households would have to pay £1,339 more in tax, however this figure comes mostly from a proposed [...]
Rishi Sunak set to raise UK corporation tax in 3 March Budget February 21, 2021 Rishi Sunak is reportedly set to raise UK corporation tax in his 3 March Budget in a bid to raise an extra £12bn in government revenue. Sunak will help pay off for a further extension of the government’s Covid-19 support programmes by raising the corporation tax rate from its current 19 per cent to 23 [...]
Taxman opens 20 investigations into crypto assets February 15, 2022 The UK's tax authority has opened 20 criminal investigations involving digital assets as it seeks to crack down on crypto fraud.