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Tax

  • Trade wars turn demand for global tax advisers in £50bn market

    November 12, 2025

    The global tax advisory growth rate for 2025 is expected to nearly double last year’s rate, driven largely by the policies of the US President Trump’s administration, including trade wars and tariffs. According to a new report by research-led advisory firm Source Global Research, the market value for tax advisory services is forecasted to reach [...]

  • Three quarters of Brits think UK ‘heading in wrong direction’ as Budget looms

    November 12, 2025

    The UK is heading in the wrong direction, most Brits believe, in the latest sign of rising gloom about the state of the country’s economy.  A City AM/Freshwater Strategy poll has shown that 76 per cent of voters are pessimistic about the future of the country, the highest level of pessimism recorded since our polling [...]

  • Autumn Budget: How could Rachel Reeves change dividend tax rules?

    November 11, 2025

    The Treasury has reportedly turned its attention to dividends as part of its efforts to fill up the public coffers in this month’s Budget. Chancellor Rachel Reeves is considering raising dividend taxes on 26 November, a move that could potentially raise £1.5bn according to the Resolution Foundation think tank. The speculation comes as the Treasury [...]

  • Voters say Rachel Reeves should resign if income taxes are hiked

    November 11, 2025

    A majority of voters believe Rachel Reeves should resign as Chancellor if she breaks a key Labour manifesto commitment by raising income tax. Labour’s 2024 election manifesto said the party would not put up taxes on working people, including VAT and income tax. But in the lead-up to a crucial Budget where the Chancellor is [...]

  • Rachel Reeves concedes manifesto pledges may be dropped

    November 10, 2025

    Chancellor Rachel Reeves has suggested that Labour manifesto commitments will be ditched amid a “significantly worse” economic inheritance than expected last year. In an interview with the BBC, Reeves said she would prefer to increase government spending on infrastructure rather than cut taxes for Britons. When asked whether the government would stick to manifesto commitments, [...]

  • Reeves’ LLP tax proposal will undermine ‘cornerstone of UK economy’

    November 10, 2025

    A professional services trade body warned that Rachel Reeves’ proposed increase in NICs for LLPs could lead to widespread conversion to limited company structures, undermining a successful British business model. The limited liability partnership (LLP) model, in which members (known as partners) invest their own capital in the business, was introduced 25 years ago and [...]

  • Reeves set to bring in US-style whistleblowing pay for HMRC

    November 10, 2025

    Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]

  • Business leaders warn Budget tax hikes could trigger higher prices

    November 10, 2025

    Senior business leaders have called on the government to avoid increasing the cost of employment in the upcoming Autumn Budget, in order to avoid SMEs raising prices. According to a new report by Employment Hero, 86 per cent of the 1,000 business leaders are concerned about what the upcoming Budget will mean for them, as [...]

  • Tax row erupts as Reeves tells watchdog she will break manifesto

    November 7, 2025

    The Labour government is split in a fresh tax row after Rachel Reeves reportedly told the fiscal watchdog she will raise income tax in her forthcoming Autumn Budget – a move that will break a key manifesto pledge. The Chancellor is said to have informed the Office for Budget Responsibility that an increase to income [...]

  • Higher earners to ‘pay thousands more’ in Reeves’ income tax raid 

    November 7, 2025

    Brits earning more than £75,000 could pay thousands of pounds more in tax should Rachel Reeves raises income taxes by 2p while cutting national insurance by the same percentage for those earning under £50,000. The Chancellor warned Brits that everyone will have to “contribute” to her Budget plans earlier this week, which has been interpreted [...]

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