Capital gains tax changes strike ‘heavy blow’ to investors November 17, 2022 The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors.
London to face second-lowest rise in council tax among UK regions February 14, 2023 Cash-strapped Londoners are set for a slight boost as it emerged that the region is set to raise average council tax rates by the second-lowest amount in the UK. Of the councils who have declared their municipal tariffs for 2022-23, London boroughs collectively came in second from the bottom of the pile, at a 4.4 [...]
PwC global execs take the reins at Australian unit amid tax leak scandal May 18, 2023 PwC’s global bosses will take control of its Australian business after the unit became embroiled in a tax leak scandal. International executives were flown out earlier this month to help contain the crisis, but they are now set to stay for several months longer in a bid to prevent any further damage to the firm’s [...]
Wine sector reeling as price of a bottle set to be taxed 20 per cent more come August July 4, 2023 Wine lovers will be taxed 20 per cent more on their favourite bottle of red or white in a month’s time, as the government steams ahead with its alcohol duty tax hikes, spelling further pain for customers and businesses. Chancellor Jeremy Hunt announced the measures as part of the Spring Budget back in March, which [...]
Nissan ‘concerned’ about Government’s introduction of EV road tax November 17, 2022 EV powerhouse Nissan is “concerned” about the government’s decision to introduce a vehicle excise duty for electric car owners from 2025. “While we are pleased to see a growing EV market in the UK, we’re concerned about the effect that withdrawing this customer incentive could have on the electric car market, just as it is [...]
PwC fires eight Aussie partners including former CEO over tax leaking scandal July 3, 2023 PwC Australia has fired eight partners including its former chief executive as it scrambles to draw a line under a government leaking scandal that has engulfed the firm down under.
Explainer-in-brief: Tax rises? Make it someone else’s problem November 15, 2022 As the Autumn statement looms this week, Rishi Sunak and Jeremy Hunt are trying, desperately, to do anything except break the manifesto promise not to raise income tax. But by freezing income tax thresholds people will wind up paying more anyway, without actually having to break the promise. Elsewhere, there were suggestions council tax could [...]
HMRC paid out over £500,000 to tax fraud whistleblowers – but lawyers say rewards should be higher August 21, 2023 Lawyers are calling for the UK’s tax authority to expand its whistleblower rewards scheme as new figures show that HMRC paid out over £500,000 to people blowing the whistle on tax fraud. HMRC has paid out over £509,000 to individuals providing evidence about tax fraud during the course of the last financial year, up from [...]
Michael Gove says Truss tax cuts are ‘not Conservative’ October 2, 2022 Michael Gove has savaged Liz Truss and Kwasi Kwarteng’s recent mini-Budget, labelling the debt-funded tax cuts as “not Conservative”. The Tory big beast said the package – which included an abolition of the top 45p band of Income Tax were a “display of the wrong values” and he refused to commit to voting for them [...]
Harbour Energy blames windfall tax for scrubbing out profits as it confirms heavy jobs cuts May 10, 2023 Harbour Energy confirmed it expects to cut hundreds of jobs in the UK ahead of today's AGM, following the effects of the windfall tax.