Vibes matter with tax, so here’s how Healey can deliver a feel-good Budget Opinion We may think it is easy to try to predict how a major tax announcement may impact sentiment based on whether it’s a give or a take. but the evidence shows, there’s no clear correlation between tax cuts and positive reaction, or tax rises and negativity, says Tim Sarson I’ve just come back from a [...]
Five-star Mayfair hotel hit with HMRC winding-up petition Hospitality A five-star Mayfair hotel has been hit with a winding-up petition by the UK tax authority, just months after the sudden departure of its managing director. The Stafford London, a 107-room luxury hotel, was served the petition by HMRC after a filing was made to the High Court, City AM can reveal. A winding-up petition [...]
Why HMRC is huge Premier League transfer window tax headache Sport Business Is HMRC the biggest barrier stopping a healthier Premier League football transfer system, Alistair Culverwell asks. Another World Cup ended after high drama on the pitch and off the pitch,it was the scene of high stakes deal-making as clubs negotiated with agents to secure the most sought after talent – particularly players who shone. And [...]
Think your tax affairs are settled? Think again. August 6, 2026 If you think your tax affairs are settled with HMRC, you may need to think again – a small error from years ago could come back to haunt you, says Fiona Fernie HMRC have just issued a consultation called Modernising the Correction of Errors which includes a proposal that requires taxpayers who become aware of [...]
Ask the expert: How do I avoid double tax on my pension? August 5, 2026 Got a question for our expert? Email asktheexpert@cityam.com Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader is looking to avoid the incoming double tax blow. Q: I’m hoping to retire soon and am just deciding where I will draw my income from. I had [...]
Gino D’Acampo restaurants face HMRC winding-up order July 30, 2026 The company behind TV chef Gino D’Acampo’s restaurant empire has been hit with a winding-up petition by the UK tax authority. Upmarket Hotels & Leisure, which runs five British restaurants named after the former This Morning star, was served the petition by HMRC after a filing made to the High Court, as seen by City [...]
Pensioners hit with £8bn tax bill after government freezes allowances July 30, 2026 Pensioners paid some £8bn in extra tax last year after a freeze on personal allowances dragged people into higher bands, new figures have revealed. The amount of tax paid by people in retirement climbed from £21.1bn to £29.8bn, an increase of over 40 per cent in just two years, according to the latest pension participation [...]
Andy Burnham will find there is a limit to tax rises July 28, 2026 Since tax increases are constrained by adverse behavioral responses and public resistance, the government must prioritise improving long-stagnant public sector efficiency, says Paul Ormerod A brand new Cabinet is in place, with ministers eager to introduce new spending plans to demonstrate that they are making an impact. To pay for these, a range of potential [...]
Scotland’s tax hike may have backfired as receipt falls July 26, 2026 The Scottish government’s decision to raise the top rate of income tax may have backfired, according to analysis by the lawyer Dan Neidle. Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts. HMRC data from 2024-25 suggested that the Scottish [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles July 24, 2026 The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]