Further tax rises ‘a good bet’ after Chancellor’s borrowing blow January 22, 2025 Borrowing in the month of December was at its third highest level since monthly records began back in 1997, excluding only the pandemic and 2009.
How much does tax really affect your decision making? January 22, 2025 From VAT on school fees to business taxes, we’re living through a live experiment with the effects of tax on people’s choices. Evidence suggests the results could be far from clear-cut, says Tim Sarson Last week, I was lucky enough to be on the panel for the Women in Tax network’s annual debate. The question [...]
Man United legend Bryan Robson to be hit with tax bill over ambassador role January 21, 2025 Former Man United legend Bryan Robson has lost a chunk of his IR35 case against HMRC leaving him exposed to a undisclosed tax bill
London investors urged to shift assets as huge capital gains tax burden revealed January 21, 2025 Investors from London and the Home Counties will be the hardest hit by April’s hike to capital gains tax and should consider moving their assets into tax efficient vehicles, a leading accountancy firm has warned. Taxpayers in the capital are set to pay a combined £430m of additional capital gains tax (CGT) this year, accountants [...]
UK motorsport businesses missing out on corporation tax relief January 21, 2025 The heart of the UK’s Formula 1 and motorsport hub could be paying unnecessarily high tax rates because they’re unaware of free relief available to them, a new study has revealed. Less than 10 per cent of firms are claiming Patent Box relief in the motorsport corridor of the UK, which houses the likes of [...]
ScottishPower: Court grants appeal against HMRC over £28m tax bill January 17, 2025 Energy giant ScottishPower has been granted an appeal to allow it to deduct £28m in fines by Ofgem for corporation tax purposes
Business confidence plunges to lowest level since Liz Truss’s mini-budget January 15, 2025 Rachel Reeves’s tax hikes have pushed business confidence to its lowest level since the wake of Liz Truss’s calamitous mini-Budget, as firms fret over a surge in costs and slowdown in the domestic economy, a closely watched survey has suggested. Concerns over a looming tax bill and a slump in sales caused business confidence to [...]
UK CFOs set to cut hiring and slash investment following Budget January 13, 2025 Finance chiefs at UK businesses are focused on cutting costs in the wake of the Budget, with investment and hiring set to suffer as a result. Over half (52 per cent) of CFOs surveyed by Deloitte said cost reduction was a strong priority for their business in the wake of the Chancellor’s tax raid. The [...]
Big Four giant PwC names new Northern boss January 9, 2025 Big Four giant PwC has named its new Northern boss to succeed the incumbent who is retiring. Emma Suchland has been appointed as the firm’s new regional market lead for the North. She will take over from Armoghan Mohammed, who held the title of regional chair, who is to retire. Suchland joined the accountancy giant [...]
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.