Farmers demand judicial review of inheritance tax grab June 24, 2025 A group of farmers and business owners are seeking a judicial review of the government’s contentious inheritance tax raid, arguing there should have been a public consultation before the policy was confirmed. The claim, which was served to the Chancellor and HMRC on Tuesday, does not seek any concrete changes to the overhaul but alleges [...]
London’s Hippodrome Casino takes HMRC to court June 24, 2025 The Hippodrome Casino is at court today, seeking to overturn an 'unusual' ruling in a case over which method to use for the recovery of residual input tax
Reform will put international wealth to work for British people June 23, 2025 Under a Reform government, wealthy people will pay a £250,000 upfront contribution to the Exchequer and every penny will go to the poorest workers, says Zia Yusuf For centuries, Britain was a global powerhouse and a magnet for the world’s talent and treasure. Now it is chasing away the world’s brightest business minds and most [...]
Nigel Farage reveals one-off £250,000 non-dom payment plan June 23, 2025 Nigel Farage has announced a £250,000 one-off “landing fee” for a ‘Britannia Card’ for non-doms to qualify for tax exemptions, in a push to stem the growing exodus of high net worth individuals from the UK. The policy would enable a Robin Hood-style direct payment to the lowest paid – directly to their bank accounts, [...]
HMRC to cash in on hiked Wimbledon prize money June 22, 2025 The increase in prize money at Wimbledon this year has been described as a win for HMRC by a top tax advisory firm. Winners of the men’s and women’s singles titles will each bag themselves £3m at this year’s Wimbledon Championships, a figure up on last year’s sum. Even first round losers will earn £66,000 [...]
Upper Tax Tribunal dismisses JP Morgan Chase Bank VAT appeal June 20, 2025 Upper Tribunal judges have kicked out US banking giant JP Morgan Chase's appeal against HMRC's position on taxing intra-group services.
Government borrowing surges in May to fund Labour’s spending June 20, 2025 Government borrowing in May surged to £17.7bn, official data has shown, reflecting the government’s need for cash to fund Labour’s spending splurge. This represented the second-highest May borrowing figure since records began more than 30 years ago and higher than the Office for Budget Responsibility (OBR) forecast. Fresh data published by the Office for National [...]
St James’ Place: Labour’s dividend tax plans could backfire June 18, 2025 Any attempt to get more cash through increasing the top rate of tax on dividends may backfire and instead dry up revenue streams, Chancellor Reeves has been warned, as investors look to this year’s Autumn Budget with a sense of dread. Reeves is poised to hike taxes later this year by as much as £20bn [...]
Spending Review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts June 12, 2025 The Ministry of Defence and Department for Health and Social Care are slated to see billions cut in Whitehall budgets in what a DOGE-style body within the Treasury described as “efficiency gains” – despite both departments set to see a real terms increase in spending between 2026 and 2029. A new government document has revealed [...]
What changes to the pension salary sacrifice scheme could mean for you? June 11, 2025 A new report from HMRC has raised concerns around changes to the pension salary sacrifice scheme. A report on workplace pensions by HMRC has fuelled speculation around changes to salary sacrifice schemes. The report looked into employers’ behaviours and attitudes on salary sacrifices and looked into how potential reforms to tax reliefs could change these. [...]