‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Private school VAT campaigners lose court challenge June 13, 2025 A group of families with children at private schools have lost their High Court battle over the government’s decision to apply VAT on school fees, with a judge ruling it did not sufficiently infringe on pupils’ human rights. Campaigners had brought legal action against the Treasury, arguing that the change to private schools’ tax status [...]
Voters fear Reeves tax U-turn after Spending Review splash out June 9, 2025 UK voters are worried Chancellor Rachel Reeves will betray Labour manifesto pledges not to hike income tax, a new poll has suggested, as the government looks set to ramp up investment at Wednesday’s spending review. Sir Keir Starmer has declared that the government cannot “tax [its] way to growth” while ministers have said the spending [...]
Tribunal kicks out Walkers tax appeal over Sensations Poppadoms May 23, 2025 The Upper Tax Tribunal has thrown out an appeal by the crunchy potato slices giant regarding its VAT dispute with the taxman
Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions May 13, 2025 One of the top private schools in the UK is “taking stock” as it warns Chancellor Rachel Reeves’ tax hikes will cost it millions. Gresham’s School, whose former students include Sir James Dyson – who donated £35m in 2023 – added it will have to now take action to make sure it “does not become [...]
Treasury to scrap valuation quango amid efficiency drive April 28, 2025 The Valuation Office Agency will be folded into HM Revenue & Customs (HMRC), the tax minister has said, in the latest sign of the government’s efforts to trim away fat from the operations of the state. The arms length body responsible for valuing properties to determine tax rates, which spans £60bn worth of valuation each [...]
New data reveals VAT on school fees could hike costs by £75,000 April 28, 2025 The government’s policy of VAT on school fees would introduce a price hike in excess of £75,000 for families sending children to independent schools, according to new analysis by wealth manager Rathbones. According to the data, the average cost of sending a child to an independent day school for the duration of their time at [...]
Which taxes hurt growth the most? April 24, 2025 No business enjoys paying taxes. The knock to a company’s bottom line, as well as the costs of compliance with a sprawling regulatory regime, can leave execs foaming at the mouth. But some taxes are more damaging to growth than others. And, according to fresh research, some have virtually no negative economic impact at all. [...]
Wetherspoons fails to prove cider is not alcohol in tax dispute April 24, 2025 Budget boozer Wetherspoons unsuccessfully argued cider did not fall within the meaning of 'alcoholic beverages' in a VAT dispute with HMRC
Small firms splash out £25bn on tax compliance as HMRC accused of ‘poor service’ April 22, 2025 Small firms are set to stump up a combined £25bn on tax compliance this year, a leading industry body has said, as it accused HMRC of failing to answer phone calls or letters. Calls for a vast reform of the UK’s tax system have come from leading think tanks and policymakers for several years. But [...]
Tourist tax: Lisa Nandy says Labour may ‘explore’ restoring VAT free shopping April 16, 2025 Lisa Nandy has said the government “could explore” restoring VAT free shopping after hearing “very loud and clear” the calls from the industry to scrap the so-called tourist tax. The culture, media and sport secretary told Elle UK magazine that fashion was in the “soul of the nation” and ministers recognised its “centrality” to the [...]