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.
Record-level demand for tax lawyers after Spring Budget April 2, 2024 According to a report by professional recruiter Search and market data analysts Vacancysoft, record levels of tax lawyer vacancies were posted in law firms in February in London and nationally.
Safe as houses: is it time to introduce a wealth tax? March 30, 2024 Wages in the UK have flatlined since the financial crisis of 2008. Yet in that time, the country’s richest 1000 families have seen the value of their assets triple. Should we think more seriously—and progressively—about the way we tax wealth?
What if the OBR is too optimistic about growth? March 21, 2024 Chancellors preparing for Budgets fret over their fiscal headroom, but what matters in the long-term is the trend rate of growth. And if the OBR has it’s projections wrong, there will be big consequence for the next government, says Paul Ormerod The Office for Budget Responsibility (OBR) published its economic and fiscal outlook document in [...]
Let’s talk about tax – Starmer may regret shutting down debate on abolishing NI March 20, 2024 Is dismissing ideas about genuine reform of the tax system as “unfunded pledges” really the best the Labour leader can do? Asks Eliot Wilson Taxation runs through politics like a golden thread. It was the battle for control over finance that precipitated the civil wars in Britain and Ireland, and “no taxation without representation” was [...]
Some big changes to the tax system no one is telling you about… March 19, 2024 The Budget did little to move the polls, but it included some fundamental philosophical changes to the way we pay tax. Expect unintended consequences, says Tim Sarson Budgets are fleeting spectacles. Like a passing squall they arrive with a few gusts of media speculation, dominate the news for a week at most, then blow themselves [...]