Free money: Claim minimum of £62 back from the taxman for working from home April 7, 2021 Today is the day you can start claiming at least £62 back from the taxman if you have been forced to work from home this tax year because of the pandemic. HMRC has confirmed that employed workers can now claim the working from home allowance for the new tax year (2021/2022) where they have worked [...]
CBI calls for ‘fundamental change’ to UK tax system to achieve climate change goals March 11, 2021 One of the UK’s most influential business groups has called for the government to deliver wholesale changes to the country’s tax regime in order to hit its 2050 net zero target. The CBI said that instead of making changes to individual taxes, ministers should instead pursue “fundamental change with a holistic, coherent tax plan”. It [...]
Celebrity expats handed right to vote in Budget boost March 7, 2021 Some of Britain’s richest expatriates and tax exiles will be granted the right to vote for the first time in two decades under new rules buried in last week’s Budget. The government has scrapped a 2002 rule that prevents Brits from voting in UK elections if they have lived abroad for more than 15 years. [...]
So much for Singapore on Thames: UK corporation tax will be higher than France and Germany March 4, 2021 Yesterday, it was announced that corporation tax will rise from 19 per cent to 25 per cent by 2023 for UK companies with annual profits of £250,000 or higher. Although a new “super deduction” will see companies wipe out their tax bills by investing in property, plant and equipment for the next two years, the [...]
Budget 2021: Main points in Rishi Sunak’s announcement March 4, 2021 The chancellor unveiled the contents of his Budget in the Commons this afternoon, announcing a raft of new support measures alongside plans to shore up Britain’s finances in the wake of the coronavirus pandemic. Rishi Sunak doubled down on his commitment to do “whatever it takes” to protect lives and livelihoods as he set out [...]
Online sales tax would ‘kneecap’ small retailers, startups warn March 2, 2021 The introduction of a new online sales tax would “kneecap” retailers and have a disproportionate impact on smaller businesses, UK startups have warned. In his Budget tomorrow, chancellor Rishi Sunak is expected to launch a consultation on new levies targeting online retailers such as Amazon and Asos that have seen their profits soar during the [...]
Chancellor urged to keep London economy competitive through tax measures in Budget March 1, 2021 Chancellor urged to keep London economy competitive through tax measures in budget
Boris Johnson rules out meat and carbon taxes ahead of COP26 climate pledges March 1, 2021 Prime Minister Boris Johnson has categorically ruled out introducing new levies on meat or carbon despite his net zero targets
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19
Rishi Sunak’s choices: The taxes that may define this year’s Budget March 1, 2021 It is becoming increasingly clear tax hikes are firmly on the Chancellor’s agenda this week, as Rishi Sunak has hinted that he will raise some in the Budget on Wednesday. He is reportedly keen to “level” with people about the fiscal challenges to come. The Chancellor’s primary objective will continue for to be supporting the [...]