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Tax

  • Badenoch and Tugendhat flash low tax credentials

    September 30, 2024

    Kemi Badenoch has said she would “love to see lower corporation tax” and stressed the need to “increase the appetite for risk taking” in a bid to go for growth.  The former business secretary’s comments came during a leadership Q&A session for party members at the annual Conservative Party conference in Birmingham. She told the [...]

  • Tax burden ‘will not fall in my lifetime’ warns IFS chief

    September 30, 2024

    Over recent years the tax burden has climbed to a post-war high of 37 per cent of national income despite the attempts of the previous government to cut taxes.

  • Tech and taxes: What do SMEs want to see in the upcoming Budget?

    September 30, 2024

    Small businesses have called on the government to prioritise growth in the upcoming Autumn Budget in order to avoid a slowdown of growth.

  • Demand for luxury city houses falls on pre-budget caution

    September 30, 2024

    Fears over potential changes to tax policy in Labour’s upcoming budget have continued to dampen the positive effects of lower interest rates on demand for prime property in London, according to new data.  Buyers are nervously awaiting potential tax changes in the Government’s first budget, which has been described as assigning a “heavier burden” to [...]

  • Labour looks to water down packaging tax plan

    September 29, 2024

    Ministers are set to make changes to a planned £1bn packaging tax proposed by the last government, according to reports.

  • City sounds alarm over fears that non-dom reforms won’t raise money

    September 27, 2024

    Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay [...]

  • Pay tax on your gifts, top accountancy firm warns politicians amid Labour row

    September 26, 2024

    Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]

  • The Debate: What to do with inheritance tax?

    September 26, 2024

    Inheritance tax, sometimes dubbed ‘Britain’s most hated tax’, currently stands at 40 per cent and is paid on estates worth over £325,000, although there are a range of exemptions which mean only five per cent of deaths are taxed and often at a much lower effective rate. As the Chancellor prepares to review taxes in [...]

  • Non-dom crackdown: Fears it will fail to raise cash and actually cost the UK money

    September 26, 2024

    Officials fear that the government's plan to close loopholes in the non-dom tax regime might fail to raise any extra revenue at all, according to reports.

  • Which taxes will Labour hike in the October Budget?

    September 25, 2024

    Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?

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