Forget writing letters to stay at home mums, we need to rethink tax-free allowances February 7, 2023 Britain has a productivity and employment problem and the government, try as it might, can't get the over 50s or parents back to work. Changing tax-free allowances might be the ticket, writes Alex Petropoulos
EY says it does not owe ‘duty of care’ to taxman in fight over property magnate’s tax affairs February 6, 2023 EY has said it is under no obligation to help HMRC collect more taxes in defending itself against a High Court lawsuit over a British property magnate’s tax affairs. The Big Four accounting firm said it owed no “duty of care” to HMRC to have given it information that could have helped it collect more [...]
PMQs sketch: Starmer’s speechwriters on strike February 1, 2023 Train drivers, teachers, civil servants and apparently Keir Starmer’s speechwriters are on strike today. It’s the only explanation for the Labour leader trying yet again to get a non-answer out of Rishi Sunak about when he knew Nadhim Zahawi paid a penalty to HMRC. Trying to point out that Sunak probably did know the thing [...]
In this recession, it’s the tail end set of kids starting work who aren’t alright February 1, 2023 People who started work during lockdowns escaped the fate of those entering the labour market in 2008, but it’s the young people still at university we need to be worried about, writes Sascha O’Sullivan.
Self assessment: Over 2 million people still need to file their tax return with the deadline falling at midnight today January 31, 2023 Taxpayers have until the end of Tuesday (31 January) to submit their self-assessment returns. The deadline for submitting online tax returns and paying any tax owed is midnight. The most recent figures from HM Revenue and Customs (HMRC) show that fewer than 2.7 million customers still needed to file their self-assessment returns, as of January [...]
Zahawi ditched by Rishi Sunak as Conservative chair over £5m tax bill January 29, 2023 Nadhim Zahawi has today been sacked by Prime Minister Rishi Sunak as Conservative party chair after weeks of speculation about his tax affairs. Sunak told Zahawi, 55, that, after an independent investigation, “it is clear that there has been a serious breach of the Ministerial Code,” forcing him to ditch the MP for Stratford-on-Avon. Sunak’s [...]
Half-term strike action to bring chaos at British Museum January 28, 2023 Fresh strikes have been called by the biggest civil service union in its long-running dispute over jobs, pay and pensions. Members of the Public and Commercial Service union (PCS) at the British Museum will take industrial action during February half term. More than 100 members of the museum’s visitor services and security teams will take [...]
‘I haven’t paid an HMRC fine’ Hunt confirms, as calls mount for Zahawi to go over tax fiasco January 27, 2023 Chancellor Jeremy Hunt said he has never paid a tax fine, as ministers’ financial affairs come under scrutiny amid growing calls from Conservatives for Nadhim Zahawi to stand down. Hunt raised suspicions by twice refusing to say whether he has paid a penalty as he took questions after an economic speech, claiming the public are [...]
‘No penalties for innocent tax errors’: Head of HMRC piles more pressure on Zahawi January 26, 2023 The boss of HM Revenue & Customs (HMRC) has told MPs there are “no penalties for innocent errors”, as he was quizzed on the tax furore surrounding Nadhim Zahawi. HMRC chief executive Jim Harra, appearing before the Public Accounts Committee where he was due to discuss tax compliance and the pandemic, was pressed on some [...]
PMQs: Sunak to come under fresh scrutiny today amid Zahawi tax row and calls to fire Tory chair January 25, 2023 Rishi Sunak will come under fresh pressure over Nadhim Zahawi as he resists firing the Tory party chairman despite him being under investigation over his tax affairs. Labour leader Sir Keir Starmer is likely to seize on the fallout from Mr Zahawi’s multi-million pound settlement at Prime Minister’s Questions on Wednesday. The Prime Minister ordered [...]