How to close the tax gap April 16, 2024 Politicians love to talk about the tax gap as a pain-free revenue-raiser, but there is a genuine difference between tax owed and what’s collected, mostly because the system is far too complicated, says Tim Sarson Last week the Shadow Chancellor Rachel Reeves summoned up an old favourite of British fiscal administration: the tax gap. Labour [...]
HMRC roasted by ‘mega’ marshmallows after Tax Tribunal dismisses appeal April 10, 2024 A London-based wholesaler of American sweets and treats, Innovative Bites, appealed after the HMRC decided that 'mega marshmallows' was confectionery and ought to have been standard rated.
The Notebook: Afraid of the big bad wealth tax? You shouldn’t be April 10, 2024 Neil Bennett, global co-CEO of H/Advisors, takes the Notebook pen to talk wealth taxes, the ONS, and why history's the new rock and roll.
Who are the tax experts advising Labour on boosting compliance and modernising HMRC? April 9, 2024 A panel of tax experts are set to advise Labour on a blueprint for boosting compliance and modernising the work of HM Revenue and Customs (HMRC), the party has announced.
Mystery surrounds £200,000 pay-off to ex-CEO by Lutfur Rahman’s Tower Hamlets council April 9, 2024 The former chief executive of Tower Hamlets council received a £200,000 pay off after resigning as the boss of Lutfur Rahman’s borough.
Labour pledges to close £36bn tax gap via non-dom crackdown and bolstering HMRC April 8, 2024 Labour has pledged to close the £36bn tax gap via cracking down on the non-dom tax status loophole and bolstering HMRC’s compliance squads, if elected.
How Mick Jagger and Keith Richards’ careful planning means the Rolling Stones pay just 1 per cent tax April 5, 2024 Shrewd wealth management allows the iconic rock stars to lawfully pay minuscule tax bills relative to their earnings.
Treasury urged to reform tax system in bid to boost US-style philanthropy April 4, 2024 According to the Financial Times, Frazier is pushing the Treasury to move the tax regime towards a more US-style system.
Carried interest: Labour sticks by plans to up private equity bonus tax April 3, 2024 Rachel Reeves has vowed to stick by Labour’s plans to increase tax on private equity bonuses, by upping the rate on carried interest transactions.
Child benefit changes to kick in as government expands free nursery hours April 3, 2024 Changes to child benefit are set to save higher earning parents an average of £1,260 a year as the high income charge threshold increases.