Swelling tax burden to highest level since 1950s is ‘understandable’ January 27, 2022 The government’s decision to saddle Brits with the heaviest tax burden since the 1950s is “understandable,” according to a group of cross-party MPs. A ramping up of government spending announced at the October budget to deal with the ongoing fallout of the Covid-19 crisis is needed “given that the country is still in the midst [...]
Revealed: The UK’s biggest council tax increases, with some councils adding £145 this year alone April 20, 2022 The cost of council tax has climbed by as much as £145 in parts of the country, as yet another cost associated with our homes puts a squeeze on our household finances. From groceries to utilities, the rising cost of living is causing financial instability for homeowners and renters across the country. One of the most significant costs [...]
Non-dom crackdown: Fears it will fail to raise cash and actually cost the UK money September 26, 2024 Officials fear that the government's plan to close loopholes in the non-dom tax regime might fail to raise any extra revenue at all, according to reports.
Britain’s ‘most-wanted’ tax cheat begins eight year jail sentence after nine years on the run June 10, 2022 One of “Britain’s most-wanted tax fugitives” has appeared in court for her role in a multimillion-pound VAT fraud after she was extradited following nine years on the run. Sarah Panitzke, 48, originally from York, finally faced justice when she appeared at Kingston Crown Court in south-west London on Friday. Panitzke absconded in May 2013 while [...]
Bitcoin exchanges unable to claim tax returns on cryptocurrencies November 28, 2021 Bitcoin exchanges will not be exempt from the UK’s digital services tax, according to HMRC, and are also not qualified as money. Cryptocurrency exchanges have been informed that they are exposed to the charge, as the digital asset “are not financial instruments” which leaves exchanges unable to claim tax returns on them, The Telegraph first [...]
Robust order backlog helps Galliford Try to bumper year March 6, 2024 Galliford Try said pre-tax profits increased in the half year due to an increased demand, and has raised its dividend payout.
I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
Five things to look out for in Hunt’s Autumn statement November 6, 2023 Theoretically, tax cuts are possible. Thanks to fiscal drag, the public finances are in better shape than most had expected.
Sunak resists calls to scrap tax hikes despite lower than expected borrowing March 22, 2022 The government borrowed much less than expected over the year so far, indicating Chancellor Rishi Sunak has room for giveaways at tomorrow’s spring statement. The UK borrowed nearly £26bn less than the fiscal watchdog expected in the year to February, the Office for National Statistics (ONS) said today, freeing up some room for the Chancellor [...]
UK pension holders in for a shock as thousands face unexpected tax charges due to exceeding lifetime allowance May 12, 2022 Thousands of pension savers potentially face tax charges as they have more than the lifetime allowance sitting in their personal pensions, figures indicate. Around 2,300 people have been paying into personal pension schemes exceeding the lifetime allowance of £1,073,100, according to HM Revenue and Customs (HMRC) data. InvestingReviews.co.uk obtained the figures from HMRC following a [...]