Earning £50,000 a year? Your tax bill is set for a £2,000 hike November 15, 2023 According to research from interactive investor, people earning £50,000 a year will pay an additional £1,967 by 2027 compared to if the tax thresholds had risen in line with inflation.
Brits urge government to do more on overseas territory tax havens as diplomats to meet with MPs November 13, 2023 Nearly three-quarters of Britons think the government should do more to tackle economic crime in the country's overseas territories, according to a survey, as diplomats prepare to meet with MPs in London this week.
Treasury’s John Glen ‘alarmed’ at tax levels – but won’t support cuts in Autumn Statement November 8, 2023 John Glen has admitted he is “alarmed” at the current level of taxes in the UK but insisted he wouldn’t call for cuts ahead of the Autumn Statement.
Businesses expect taxes to rise after general election November 6, 2023 More businesses expect taxes to rise rather than fall after the next general election, according to a new survey.
Business cheers news that investment tax break could be permanent November 5, 2023 Business groups have welcomed the news that Jeremy Hunt is considering making £10bn investment tax break permanent as part of this month’s Autumn statement.
JCB’s Bamford Brothers ‘could owe as much as £500m’ in HMRC probe: reports October 23, 2023 Prominent Tory donors and JCB owners Anthony and Mark Bamford may have to foot a bill of over £500m to resolve a three-year long investigation by HM Revenue and Customs (HMRC).
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
HMRC’s plans for second self-assessment helpline closure sparks outrage October 18, 2023 HMRC is preparing for another closure of its tax self-assessment helpline after it gave users just 48 hours warning, MPs have been told.
Higher debt interest payments means government will have ‘no room’ for tax cuts, IFS says October 17, 2023 The government will have "no room" for tax cuts as rising interest payments and slowing growth puts politicians in an increasingly tight fiscal space, the Institute for Fiscal Studies (IFS) has said.
Liz Truss allies set to publish ‘growth budget’ days ahead of autumn statement October 15, 2023 Liz Truss allies are set to publish their so-called ‘growth budget’ just days ahead of Jeremy Hunt’s autumn statement. The former Prime Minister, who spent just 49 days in power, set up the Growth Commission after leaving Downing Street in a bid to challenge what she termed ‘Treasury orthodoxy’. Now the task force has announced [...]