Tax

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Tax | Labour leader hopeful calls for return of 50p tax

Owen Smith has pledged to transform the UK tax system if he wins the current contest to become Labour leader, announcing plans to reinstate the 50p personal tax rate and introduce a new wealth tax on the richest 1% of taxpayers, in a bid to tackle what he described as ‘ballooning’ inequality

Tax | MPs warn HMRC over customer service levels

HMRC's plans to cut the cost of its personal tax services by a further 34% in the next five years raises the risk of another collapse in service levels, according to a report by the Public Accounts Committee (PAC), which wants the department to balance its potential savings with the costs to taxpayers left waiting on the telephone

Tax | EU set to drop VAT charges for ebooks

The future of the chargeable rate of VAT on digital publications and ebooks is back on the agenda at the EU as the European Commission has announced plans for a two-month consultation with a view to abolishing the current full rate VAT

Tax | HMRC contact centres slated for lack of callback services

HMRC is facing calls for more investment in improving its telephone contact services, despite the department’s commitment to ‘digital by default’, with a report from the government’s Social Security Advisory Committee (SSAC) saying telephony will continue to be an important medium for communication for some time and issues around call waiting times must be addressed

Tax | Greek islands VAT plans half-baked

Families jetting off to Greece for a summer break now that school holidays have started will find VAT rates have been increased on a second tranche of Aegean islands, even though an earlier VAT increase has resulted in a revenue shortfall, according to local reports
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