Inheritocracy: We need to talk about the Bank of Mum and Dad September 26, 2024 Inheritance, tax and social care are interlinked, and it is time we talked about it, writes generational expert Eliza Filby
Thirty American candy shops on Oxford Street probed over tax dodging claims June 13, 2022 Dozens of American-candy shops on Oxford Street are being probed over claims they failed to pay £7.9m in business rates. Westminster City Council said on Monday that it had seized counterfeit and illegal goods amounting to a £474,000 sum over the past six months. The council told the BBC that the 30 shops under investigation [...]
Tax credit experts Adsum: Firms can’t wait for Truss to solve problems – pursuing digital transformation is key October 7, 2022 With Liz Truss’ government looking to kickstart the economy through low taxes and deregulation, City A.M. sat down with the head of a fintech tax credit specialist, to find out how businesses can overcome challenges. Co-Founder and Director at Adsum, Freddie Digby, spoke at length about the challenges facing UK businesses at present, and while [...]
Gove says he’ll back government’s mini-Budget after 45p tax cut U-turn October 3, 2022 Michael Gove has said he will back the government’s mini-Budget in its current form, after Liz Truss and Kwasi Kwarteng U-turned on their plan to slash the top rate of Income Tax. The Tory big beast today said “there were lots of good things that they announced and some potentially interesting things”, after spending yesterday [...]
UK’s £50bn black hole: Brits face a long, cold winter full of spending cuts and fresh tax hikes November 1, 2022 After barely a week in office, Rishi Sunak, the new Prime Minister, and his equally new Chancellor, Jeremy Hunt, are expected to move ahead with tax rises for millions of Brits. As early as next week, Sunak and Hunt will most likely extend a freeze on the thresholds at which people start to pay the [...]
King’s Speech: Labour to legislate OBR fiscal lock to boost ‘market credibility’ July 17, 2024 Labour will legislate for a fiscal lock to require the OBR to provide an independent assessment of any major tax and spending plans.
BP’s profits bonanza reignites windfall tax debate with energy bills set for painful spike this winter August 3, 2022 BP unveiled bumper profits powered by soaring oil and gas prices yesterday, as households brace for painfully high energy bills this winter.
Commodity traders still made bank last year despite calmer markets April 5, 2024 Global commodity trading generated more than £79bn in earnings before taxes (EBIT) in 2023.
Windfall tax is a ‘fiscal shock’ to the oil and gas sector, warns industry body in letter to Chancellor June 28, 2022 One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax will harm the country's investment climate.
Shell warns of investment ‘uncertainty’ amid projections of record North Sea tax revenues May 29, 2022 Shell has toughened its stance on the government's announced levy on North Sea oil and gas operators, warning the new tax will create "uncertainty."