Politics

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Tax | 2.8 million more higher rate taxpayers

Millions more people are paying income tax than in 2010 as 4.5m taxpayers are caught by rising taxes and frozen thresholds with majority hit by 40% rate

9 Feb 2024

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Tax | Government failed to control £21bn covid fraud

The government needs to take urgent action to prevent a repeat of the high level of fraud perpetrated during covid should another emergency crisis hit the country

8 Feb 2024

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Tax | ICAEW criticises ‘extreme waiting times’ on HMRC phones

HMRC needs more resources to improve digital services if it continues to withdraw phone support for accountants as service quality is ‘unacceptable’

7 Feb 2024

HMRC

Image for 25 corporation tax would stay under labour

Tax | 25% corporation tax would stay under Labour

A Labour government would not increase the 25% corporation tax if voted in according to shadow Chancellor Rachel Reeves

2 Feb 2024

Business Tax

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Tax | 2% National Insurance cut to tax bills

Employees will benefit from a 2% reduction in employees’ National Insurance in payslips this month, the first respite for taxpayers since thresholds were frozen in 2021

31 Jan 2024

Tax | MPs call for review of ‘unaffordable’ loan charge

Victims of the loan charge were the centre of attention at a parliamentary debate, where MPs urged the government to launch an independent investigation into the charge and to focus on promoters instead of taxpayers

19 Jan 2024

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Tax | Scottish budget announces 45% tax rate for higher earners

The Scottish government has introduced a new tax band for higher earners in the 2024-25 tax year

19 Dec 2023

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Tax | Treasury chief given £335k payoff

More than £150m was paid out to civil servants in ‘golden handshake’ payments last year with Treasury boss given £335,000

19 Dec 2023

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Tax | HMRC determined to shift agent queries online

HMRC bosses told MPs they will continue to offer a phone service for agents and accountants, but needed to reduce dependence with ‘interventionist’ action to force a change of behaviour

14 Dec 2023

Tax | Former chancellor Alistair Darling dies aged 70

The former Labour party Chancellor who steered the country through the financial crash has died after a short illness

30 Nov 2023

Image for autumn statement 2023 confusing year end statement mtd dropped

Tax | Autumn Statement 2023: 'confusing' year end statement for MTD dropped

The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax

23 Nov 2023

Making Tax Digital

Tax | PM hints at cuts to personal tax

Rishi Sunak has given the strongest sign yet that the Chancellor is considering personal tax cuts in the Autumn Statement this week

21 Nov 2023

Budget

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Tax | Advisers call for ‘rethink’ of Making Tax Digital extension

An influential group of tax advisers is calling on the government to ‘rethink’ plans to expand the scope of Making Tax Digital reporting to landlords and the self employed

16 Nov 2023

Making Tax Digital