Brits flock to cash ISAs as tax hikes bite July 2, 2024 Households deposited £4.2bn into cash ISAs during May, the highest figure for the month. It followed a record-breaking April, which saw a net inflow of £12.3bn.
Hiking capital gains tax would harm small businesses June 24, 2024 A blanket increase in CGT rates would not only affect gains on publicly quoted stocks or investments in second homes, it could also impact investors who have taken much more significant risks with their capital to back small, growing companies to achieve their potential, says Claire Madden It’s looking inevitable that Labour will win the [...]
Double glazing giant Everest owed over £30m as it crashed into administration June 24, 2024 Double glazing giant Everest owed more than £30m when it crashed into administration earlier this year, it has been revealed.
Uber faces £1bn VAT showdown with HMRC June 23, 2024 Despite achieving its first full-year profit in February, Uber swung to a net loss of $654m (£524m) in the first quarter of this year.
UK tax gap nears £40bn as Tories and Labour pledge crackdown June 20, 2024 The gap between how much tax the government owes and the amount it collects has grown to almost £40bn, latest official figures show, as the Conservatives and Labour vow to tackle tax dodging ahead of the general election.
Knighthood for HMRC boss ‘an insult to British taxpayers’ June 19, 2024 The decision to give a knighthood to HMRC’s chief is “an insult to British taxpayers”, a campaign group has said, highlighting the tax authority’s woeful customer service.
The Notebook: Businesses yet to schmooze Labour are set for a nasty shock June 18, 2024 Labour has come a long way, but its manifesto should raise eyebrows in the business community, writes Michael Martins.
Let’s be honest, there’s no such thing as a ‘fully costed’ manifesto June 13, 2024 All parties are putting forward nice-sounding policies and promising that they’ll be paid for by someone else, says Matthew Lesh “Our plans are fully funded and fully costed,” proudly declares every party leader when presenting their election manifestos. It’s not difficult to understand why this is so important. Politicians are trying to run a gigantic [...]
Child benefit changes just move distortions higher up the income scale June 12, 2024 Tory plans to change the threshold at which a household loses child benefit won’t fix the fact that some two-child families face a marginal tax rate of 73 per cent, say Ash Majithia and Tim Sexton It’s been framed as a hand-out for the wealthy, including executives in the City of London. But the real [...]
HMRC tax rule changes put professional service firms into limbo June 10, 2024 The UK tax agency is probing firms for potential backdates contributions after changes to a tax rule which affects LLPs