Week in Business: Is Rachel Reeves About to Drop a Tax Bombshell on the UK Economy? Video Despite talk of growth and renewal, the economic warning lights are flashing, and experts now predict another £20bn tax raid.
Tax cost hikes and digital red tape could push landlords to sell up Property Buy to let landlords are set to face fresh tax hurdles that could lead to a squeeze in supply for the rental sector, according to new research. The advisory firm Blick Rothenberg found that the government’s Making Tax Digital (MTD) scheme would add to the costs and administrative burdens of letting properties to tenants. The [...]
VAT on private school fees to hammer ‘crisis-hit’ special needs provision Politics Rachel Reeves’s controversial Budget decision to impose VAT on private school fees will hit the most vulnerable special educational needs students hardest, an expert has warned. The Chancellor confirmed at the Autumn Budget that fees are set to be taxed 20 per cent, which the government claims will benefit the Treasury to the tune of [...]
‘Student Tax’ to hit graduates on minimum wage by April January 16, 2025 Thousands of graduates will find themselves stranded in their home town, unable to root out professional opportunities, when April’s hike in the minimum wage drags them into the threshold of student loan repayments, a top financial services firm has warned. The government announced an above inflation rise in the National Living Wage of 5.6 per [...]
Budget: Parents facing 20 per cent childcare fee hike after NIC raid November 30, 2024 Experts are suggesting parents will face up to a 20 per cent increase in fees to cover rising costs at British nurseries. The sector warned on Friday there will be a “disproportionately adverse” impact on women who want to work and children’ s health. This comes after the government’s Autumn Budget included an increase in [...]