Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts May 15, 2024 Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".
Real Madrid and Borussia Dortmund to get UK tax break for Champions League final May 9, 2024 Ordinarily, the UK levies income tax on earnings for any time overseas-based athletes spend competing in Britain.
Devolution: Should London have power to raise its own taxes? May 9, 2024 Calls for the government to share some tax revenue with devolved administrations - including in London - have been backed by organisations in the capital.
Rachel Reeves: Nigel Lawson was ‘right’ on not abolishing National Insurance May 7, 2024 Labour’s shadow Chancellor, Rachel Reeves, speaking in the City of London today, set out her party’s attack lines on the Tories’ economic record following the local and mayoral elections last week.
London’s ultra wealthy have ‘moved out’ since Brexit, says top private jet dealer April 30, 2024 Brexit, changes to non-dom status tax rules and the Russia-Ukraine war has led to a slump in sales of private jets in London, a top dealmaker has said.
Red card: Former England and Liverpool footballer John Barnes banned as a company director April 24, 2024 John Barnes, the former England and Liverpool footballer, has been banned as a company director after his business failed to pay tens of thousands of pounds in tax.
Jet2 gets summer-ready with new planes and profit before tax up a third April 24, 2024 Profit before tax was 33 per cent up on the previous year and in line with expectations, while Jet2 added that its balance sheet was "very strong" with total cash sitting at £3.2bn.
Why Jeremy Hunt’s hopes of another round of tax cuts look remote April 23, 2024 Although these figures do not directly feed into Hunt's fiscal headroom at the next fiscal event, it is a sign of just how little wiggle room the Chancellor will have to cut taxes.
Inheritance tax hits new record of £7.5bn as debate over reform swirls April 23, 2024 Like many other taxes, the government has frozen the thresholds at which inheritance tax applies, meaning more estates have been pulled into its orbit as asset prices have increased.
‘Truss playbook’: Labour attacks Susan Hall’s ‘unfunded’ spending plans April 22, 2024 Labour have today attacked Conservative mayoral candidate Susan Hall’s “uncosted” spending plans for City Hall as “straight out of the Liz Truss playbook”.