How onerous UK tax system can sting players at Wimbledon June 26, 2026 With the Wimbledon Championships set to begin on Monday, Pete Fairchild takes us through the (very) complex tax issues players face. At Wimbledon, while spectators sip on Pimm’s and eat strawberries, the world’s top tennis players are earning income on British soil. For stars such as Jannik Sinner and Carlos Alcaraz, competing in London means [...]
Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed June 26, 2026 Legal & General handles the King’s staff pension schemes, official accounts have shown in disclosures of the monarch’s financial activities. In the first annual account of the King’s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts also uncovered details about his [...]
From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy June 26, 2026 Andy Haldane is pressing for a radical shake-up of the UK’s tax and wider economic systems as he heaped praise on the Prime Minister-to-be Andy Burnham for having the potential to bring a “change in vibe” across Britain. Haldane, who is advising Burnham on economic policies and growth, urged the country’s next leader to be [...]
Burnham adviser floats higher tax on pension funds’ overseas investments June 25, 2026 One of Andy Burnham’s economic advisers has warned of ‘foreign raiders’ snapping up Britain’s most promising start-ups as he suggested the government should more heavily tax domestic pension funds investing overseas. Andy Haldane, the former Bank of England chief economist who is now the president of the British Chambers of Commerce (BCC), said tax reliefs [...]
UK banks fear a ‘disaster’ with Ed Miliband as Chancellor June 24, 2026 City banks are fretting over the prospect of Ed Miliband as Chancellor as Andy Burnham mulls who he will give the keys to Number 11. The banking industry is bracing for a shake-up at the Treasury and fears it could be hit with a fresh raft of taxes under a new Chancellor while key deregulatory [...]
Tax the robots to fix our jobs crisis June 24, 2026 Starmer leaves parliament with a jobs crisis in his wake. I urge his successor to tax tech rather than humans, writes James Reed.
HMRC has been overtaxing pensioners for a decade- have you been affected? June 22, 2026 Two weeks ago it was revealed that HMRC has been overcharging millions of pensioners on their tax bill for at least a decade. The taxman had knowingly overcharged taxpayers in receipt of their state pension because of an error in how their income was calculated each year, increasing the bills of up to 8.7m pensioners [...]
King Charles to publish tax bill for ‘transparency’ June 21, 2026 The King is to become the first head of state to reveal their personal tax bill to help enhance transparency around royal finances. Charles will publish his financial details as his royal household seeks to increase “clarity and accessibility” around the monarchy’s finances by producing a new report on the subject. The decision by the King, [...]
Here’s how a levy on assets could work, just don’t call it a wealth tax June 18, 2026 Debate around wealth taxes have become a meme, far too ideological and not technocratic enough. But there is a way to raise a levy on assets without distorting the economy, says Tim Sarson Last week I was scanning the list of topics I’d written about for City AM in the last two years and there [...]
HMRC secures £190m VAT appeal win against Bolt June 17, 2026 HMRC has won an appeal against ride hailing platform Bolt over how it calculates and pays its VAT, overturning previous decisions that had ruled in favour of Bolt. This follows an appeal hearing last month brought by the tax authority, which had questioned whether Bolt could use the tour operators’ margin scheme (TOMS). Under this [...]