Autumn Budget: Chancellor Rachel Reeves preparing inheritance tax raid October 18, 2024 Currently there is a 40 per cent flat rate on inheritance tax which applies on any estate worth more than £325,000.
Capital gains hike would not damage entrepreneurship, IPPR argues October 17, 2024 Rates of capital gains tax differ depending on the asset but are well below income tax rates, largely in an attempt to encourage innovation and risk-taking.
When it comes to national insurance, the government is pulling a fast one October 16, 2024 One of the many problems the government has got itself into over tax rises that may or may not appear in the upcoming Budget is an oversimplification of where the cost of a certain tax falls. Ministers and their supporters talk about Capital Gains Tax as if it only lands on rich people selling off [...]
Starmer did well with the CEOs, but he can’t ignore the start-up founders October 15, 2024 It rained pretty much all day in the City of London yesterday, but this didn’t stop Keir Starmer basking in the warm glow of success. Despite complaints about a chaotic organising process in recent weeks, and a bit of real-time grumbling on the day itself, the Prime Minister’s investment summit was a triumph. A tightly [...]
London Stock Exchange Group unit continues fight against £167m tax bill October 15, 2024 Lawyers for a London Stock Exchange Group unit are set to appear in court today as the company continues its legal battle against a whopping £167m tax bill.
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.
Introduce inheritance tax bands to make system fairer, think tank says October 14, 2024 Demos said these changes would support the government's objective of lowering the tax burden on working people while also making the system "more progressive".
UK may need £20bn tax hike to stop spending cuts, think tank says October 12, 2024 Britain’s new Labour government may need to increase taxes by £20bn in its first budget to avoid real-term cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term investment while [...]
Fears over capital gains tax hike push business owners to sell up October 11, 2024 The survey showed that 23 per cent of business owners who had fast-tracked their exists did so because they were worried about a capital gains hike.