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Image for lib dems plan overhaul capital gains tax

Tax | Lib Dems plan overhaul of capital gains tax

The Liberal Democrats are planning to double the rate of capital gains tax for high earners, a funding boost for HMRC, hikes in council tax rates for second home owners and abolition of loan charge

10 Jun 2024

Tax

Politics

Image for can hmrc stop ps5bn tax avoidance political masters

Tax | Can HMRC stop £5bn in tax avoidance for political masters?

As the main parties promise not to raise the big three taxes, HMRC will need to smarten up how they work, use AI and reduce taxpayer errors unless massive funding for new tax investigators is agreed

10 Jun 2024

Tax

Politics

Image for sunak increase child benefit threshold ps120k

Tax | Sunak to increase child benefit threshold to £120k

At the Spring Budget, the Chancellor increased the threshold to £60,000, with a taper to £80,000, now the Conservatives want to raise this to £120,000

7 Jun 2024

Tax

Politics

Image for sunaks ps2k tax rise jibe absolute garbage says starmer

Tax | Sunak’s £2k tax rise jibe ‘absolute garbage’ says Starmer

Taxes were on the agenda for the Prime Minister as he repeated ‘I don’t want to raise your taxes to pay for that’ at the first TV debate as he accused Starmer of targeting wealthy to fund Labour policies

5 Jun 2024

Tax

Politics

Image for election 2024 what taxes could be raised

Tax | Election 2024 – what taxes could be raised?

With the main parties promising to freeze income tax, NICs and VAT, Andrew Loan, partner, private client & tax, at Boodle Hatfield, says there’s plenty of other taxes that could be hiked to increase the tax base

5 Jun 2024

Tax

Politics

Image for hmrc must ramp use ai tax investigations

Tax | HMRC must ramp up use of AI in tax investigations

As the major parties promise a crackdown on tax evasion and avoidance to pay for campaign pledges, HMRC will have to use artificial intelligence to make a real impact

31 May 2024

Tax | Conservatives and Labour in spat over VAT hikes

In the latest clashes over tax policy, Jeremy Hunt and Rachel Reeves have ruled out any increases to VAT rates after the election

30 May 2024

Tax

Politics

Image for rishi sunak calls election 4 july

Tax | Rishi Sunak calls election on 4 July

The prime minister Rishi Sunak has called a general election on 4 July, saying that only the Conservatives will be able to keep the country secure and ensure economic stability

22 May 2024

Tax

Politics

Image for short lived chancellor nadhim zahawi resign mp

Tax | Short-lived Chancellor Nadhim Zahawi to resign as MP

Nadhim Zahawi will step down as an MP at the next election after 14 years in parliament and a very brief stint as Chancellor

10 May 2024

Tax

Politics

Image for france joins call 2 billionaire tax

Tax | France joins call for 2% billionaire tax

At the IMF meeting in Washington, France reiterated support for a 2% tax on the global wealth of billionaires, with a target of 2027 for the new tax

23 Apr 2024

Tax | Chancellor runs London Marathon in under six hours

Jeremy Hunt took a day out from planning whether to cut stamp duty or freeze tax thresholds for longer by running the London Marathon

22 Apr 2024

Tax

Politics

Image for bill dodwell and edward troup join labour tax panel

Tax | Bill Dodwell and Edward Troup join Labour tax panel

In a bid to address deteriorating HMRC service levels and tax dodgers if it wins the election, the Labour party has set up an expert tax panel

11 Apr 2024

Tax

Politics

Image for labour promises ps555m tackle tax evaders if elected

Tax | Labour promises £555m to tackle tax evaders if elected

Shadow Chancellor Rachel Reeves plans a crackdown on tax evasion if Labour wins the election with proceeds to fund more GP and dentist appointments, and schools

9 Apr 2024

Tax | Chancellor vows to keep pension triple lock

Pensioners will see an extension of the triple lock in the Conservative manifesto, the Chancellor has confirmed

27 Mar 2024

Tax

Personal Tax

Politics

Image for fully funded apprenticeships small business launched

Tax | Fully funded apprenticeships for small business launched

The PM has announced £60m in additional new funding to pay for apprenticeships in small businesses from 1 April by paying the full cost of training for anyone up to the age of 21

18 Mar 2024

Tax

Business Tax

Politics

Image for nic abolition will be work many parliaments

Tax | NIC abolition will be ‘work of many parliaments’

Plans to abolish national insurance came under scrutiny when Chancellor Jeremy Hunt faced MPs on the Treasury Committee yesterday about the ‘double taxation on work’

14 Mar 2024