How to solve the UK’s non-dom conundrum July 1, 2025 After industry experts poured cold water on Reform’s ‘Britannia Card’, and amid rumours the Chancellor is examining options to row back on elements of her non-dom reforms, Ali Lyon asks what policies might be on the table – and whether they will work. As Nigel Farage stepped up to a mundane-looking podium in a stuffy [...]
£100K isn’t a big salary – and we need to talk about it July 1, 2025 He lives in a grotty flat, shops in Aldi, can barely afford a holiday and earns £100k. Meet Henry: a High Earner Not Rich Yet. He may not attract sympathy, but he’s a symptom a failing economy, says Eliza Filby Nine out of ten Brits earning over £100,000 do not consider themselves wealthy. Maybe you [...]
New Companies House filing rules risk ‘own goal’ for UK start-ups and SMEs June 30, 2025 Thousands of UK small and medium sized enterprises (SMEs) are bracing for sweeping changes to Companies House rules that will force them to disclose detailed profit and loss (P&L) statements from April 2027 – a shift that founders and investors say could hurt competitiveness, innovation and growth. “This is just making it harder than it [...]
Bailey watching labour market softening ‘very closely’ June 26, 2025 Andrew Bailey has said his Monetary Policy Committee are watching signals of a rapidly softening labour market “very closely” in the wake of several soft employment readings and stark warnings of a slowdown from the recruitment industry. The Governor of the Bank of England told the British Chambers of Commerce’s summit that sticky wage growth [...]
Sandwich or Confectionery? M&S strawberry sandwich raises VAT questions June 26, 2025 M&S has jumped on the bandwagon of the viral Japanese strawberry sando by launching its own, but the treat has raised the old familiar question about VAT
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 [...]