New data: UK tax take rising faster than any other rich country April 17, 2024 Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.
Chancellor Jeremy Hunt: Conservatives will cut taxes again in autumn ‘if we can’ April 17, 2024 Speaking to the Financial Times, the Chancellor said further tax cuts were on the table for an autumn fiscal event, but stressed it would depend on "responsible management of the economy".
UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn April 17, 2024 The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.
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.