Priti Patel calls on Jeremy Hunt to stop planned corporation tax rise February 25, 2023 Former home secretary Priti Patel has urged the Chancellor to use his Budget next month to halt the planned corporation tax rise. The senior Conservative has argued that “now is not the time” for an increase in the tax on big business. In plans agreed while she served in Boris Johnson’s cabinet, corporation tax is [...]
Fresh calls to end tourist tax as London risks ‘losing out’ to rival EU cities May 30, 2023 The policy chair of the City of London Corporation has made fresh calls for an end to tourist tax on foreign shoppers, warning that the capital could lose out to rival European cities. Writing in City A.M, Chris Hayward, said that London’s recovery is “not being maximised,” noting that the Treasury’s decision to scrap the [...]
Shell weighs up UK investment plans as windfall tax bites January 9, 2023 Shell is still considering whether to cut back on future energy projects in the North Sea, after the windfall tax was hiked.
Retailers urge rethink on net zero ‘grocery tax’ as public blame Brexit for rising costs June 4, 2023 Top retailers have urged the government to rethink plans for green levies to fund the recycling of food packaging in a bid to avoid a further rise in spiralling food costs. The British Retail Consortium (BRC) has warned the scheme, dubbed the ‘net zero grocery tax’, could push up shopping bills by up to £4bn [...]
The Notebook: John O’Connell on corporation tax, rail subsidies, and dangerous books February 21, 2023 The Notebook is where interesting people say interesting things. Today, it’s John O’Connell, the chief executive of the TaxPayers’ Alliance, who riffs on corporation tax, 4.99 per cent council tax hikes and the books that have a little more spice than they used to The economy is doing slightly better than expected. Which, to be [...]
Jeremy Hunt and Rishi Sunak’s profit tax rise to hit investment, survey finds May 22, 2023 Jeremy Hunt and Rishi Sunak’s corporation tax hike is poised to squeeze the UK economy by mothballing investment, new figures out today show. Nearly half of all mid-sized companies intend to shelve big spending projects due to the Chancellor and Prime Minister snatching a greater share of company profits, according to consultancy BDO. Last month, [...]
Harbour Energy ramps up industry calls for price floor inclusion in windfall tax April 3, 2023 Harbour Energy has made fresh warnings about the UK’s investment climate amid uncertainty over a price floor in the windfall tax.
Give over 50s a tax bonus of £1,000 to get them out of retirement and back to work September 13, 2023 The premium pound - or the older workers who can boost our economy - need to be tempted back to the office, write Andrew O'Brien
Our tax system is not as bad as we think – but it won’t be our magic bullet for growth May 16, 2023 Our taxes are not attracting nor repelling many businesses; they sit somewhere in the middle. It's not that bad, but we shouldn't rely on our tax system to boost our economy any time soon, writes Tim Sarson
How Premier League clubs may have avoided paying £250m in tax March 30, 2023 Premier League clubs may have avoided paying up to £250m in tax, experts have warned. The Tax Policy Associates say that the 20 top flight clubs could have cost a quarter of a billion in lost tax between 2019 and 2021, and £470m since 2015. The group says in their report that: “Football clubs at [...]