Inheritance tax brought in nearly £600m a month, as experts warn that frozen threshold is punishing taxpayers February 21, 2023 Inheritance tax (IHT)receipts for January 2023 totalled £578m up from £443m in the same month a year ago, according to HMRC figures. It takes the total inheritance tax take for the 2022-23 Financial Year to date to £5.9 billion, £853 million higher than through the same period last year. The total IHT take for 2021-22 [...]
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
JD Sports expects pre-tax profits to top £1bn following Christmas surge January 11, 2023 JD Sports expects to post pre-tax profits of more than £1bn for the year ending on 3 February 2023 after it recorded a Christmas sales surge. The sportswear retailer said a strong performance in the second half of 2022, driven by a surge in sales over Christmas, will see it achieve its financial goals. The [...]
Credit Suisse continued enabling tax evasion after 2014 settlement with DoJ, US Senate finds March 29, 2023 Credit Suisse violated a settlement agreement with the US Department of Justice as it continued to help wealthy Americans to avoid paying tax, a Senate investigation has alleged. The probe, which took two years to complete, accused the lender – which will shortly be taken over by UBS – of committing “major violations” following its [...]
Shell could start profit slowdown as Labour pushes to expand windfall tax October 24, 2022 The historic profit run from oil and gas titans is expected to slow down this week, when Shell unveils its latest results.
Londoners owed £40m in council tax refunds July 3, 2022 London households are owed £40m in council tax refunds, new research yesterday revealed. An investigation by Moneysavingexpert.com showed that 862,027 households in England, Scotland and Wales were due a refund in overpaid council tax. With claims worth a total of £150.2m, households that have overpaid their council tax are owed an average of £174 each. [...]
Homes for Ukraine scheme: tax treatment April 20, 2022 The Government has announced that sponsorship payments under the Homes for Ukraine scheme will not be taxable and that the conditions for some tax reliefs will be adjusted to take account of the scheme. Homes for Ukraine scheme The scheme allows individuals, charities, community groups and businesses in the UK to bring Ukrainians to the UK and [...]
Johnson says he is tax cutter, despite hiking tax burden to 70-year high March 30, 2022 Boris Johnson has claimed he and Rishi Sunak are “tax-cutting Conservatives”, despite the pair hiking the UK’s tax burden to its highest level since the 1950s over the past two years. Sunak oversaw cuts to fuel duty and National Insurance last week as a part of his economic spring statement last week, while also announcing [...]
Bitcoin sets new daily transaction record amid Ordinals trend as crypto miners face potential energy tax May 9, 2023 Data from CryptoCompare shows the price of Bitcoin (BTC) started the week moving from around $27,500 to a $29,500 high.
Editorial: These “tax-cutting Conservatives” seem very keen on hiking taxes January 30, 2022 If it quacks like a high-tax duck and talks like a high-tax duck, it is difficult to believe that it is fact anything but a high-tax duck. So it is with Boris Johnson and Rishi Sunak, who professed this weekend to be “tax-cutting Conservatives” in a column confirming they were dead set on hiking national [...]