Mayoral candidate Ivan Massow plans to raise £400m from a London tourist tax June 16, 2015 London could rein in almost half a billion pounds in public revenue with a tourist tax, a Conservative mayoral candidate has told City A.M.. Ivan Massow, who is in the running to take over from Boris Johnson as mayor of London, believes there should be a charge a rate of £1 per star per [...]
Mansion tax mania: Average property price in Kensington and Chelsea rises by £486,000 in one month June 15, 2015 The average asking price for a home in Kensington and Chelsea rose 28.4 per cent (almost £500,000) between May and June, according to data from Rightmove. The figure hints at a glut of high-end properties entering the market after the election, now sellers can forget their fears over the mansion tax. Read more: As rents [...]
HMRC pays out its highest ever amount to tax whistleblowers June 14, 2015 HMRC paid a record amount to tax informants in the year ending 31 March, City law firm RPC said today. The state tax collector paid out £605,000, up 50 per cent on the previous year. Experts suggest it is because of increased awareness of the rewards available for information. “HMRC does not widely publicise the [...]
Pension tax relief changes could hit top earners June 10, 2015 Wealth managers have warned that changes to pension tax reliefs, which could come as soon as next month's emergency budget, will hit the UK's top earners who should act soon. As part of their election manifesto the Tories pledged to reduce tax relief on pension contributions for those earning over £150,000. Currently, individuals can contribute up [...]