Tax updates 2020 part 1: personal

In a round-up of the biggest personal tax stories of the year, we look at all the non-coronavirus news, including a potential wealth tax, CGT charges on second home sales, ‘deliberate’ errors, fall in IHT receipts, buy-to-let tax hikes and pension tax relief admin discrepancy

December 2020

Call for one-off £260bn wealth tax

The government could raise £260bn to help pay for the costs of the Covid-19 crisis by implementing a one-off wealth tax, according to the findings of a research team of over 50 international experts on tax policy and practice

UK urged to keep EU shopping tourism tax cut

The UK charges significantly lower taxes on tourist spending than other major economies in the region, such as France (11.6%) and Spain (10%)