Politics

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Tax | Treasury Committee seeking chair to replace Mel Stride

MPs have been asked to vote for a new chair of the influential Treasury Committee following Mel Stride’s appointment to the Cabinet

26 Oct 2022

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Tax | Autumn Statement set for 17 November

The Prime Minister and the Chancellor have agreed that the fiscal event will now take place on 17 November

26 Oct 2022

Tax | Jeremy Hunt to remain as Chancellor

Jeremy Hunt will remain in post as Chancellor, with Grant Shapps at business

25 Oct 2022

Image for rishi sunak become next prime minister

Tax | Rishi Sunak to become next prime minister

Rishi Sunak will become Britain’s next prime minister after his only rival, Penny Mordaunt, pulled out of the Tory leadership contest

24 Oct 2022

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Tax | Liz Truss resigns as prime minister

Prime minister Liz Truss has resigned after 44 days in the job, with a leadership election to follow

20 Oct 2022

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Tax | Digitising more tax will be part of cost cutting at HMRC

HMRC will focus on digitalising more of the tax system and speed up rollout of personal tax accounts as part of efforts to reduce spending and improve efficiencies

20 Oct 2022

HMRC

Image for chancellor reverses tax cuts mini budget u turn

Tax | Chancellor reverses tax cuts in mini Budget U-turn

Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini Budget, which include removing the 1p cut to base rate income tax

17 Oct 2022

Tax | PM u-turns on corporation tax hike

The Prime Minister Liz Truss has u-turned on corporation tax, with plans to go ahead with the increase to 25% from April 2023, after sacking Chancellor

14 Oct 2022

Tax | Kwarteng sacked as Chancellor, replaced by Jeremy Hunt

Jeremy Hunt has been named as Chancellor, replacing Kwasi Kwarteng who has been sacked by the PM after five weeks in the job

14 Oct 2022

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Tax | Treasury names James Bowler as permanent secretary

James Bowler has replaced sacked Tom Scholar as permanent secretary to the Treasury

10 Oct 2022

Image for obr forecast brought forward 31 october

Tax | OBR forecast brought forward to 31 October

Following a raft of criticism over the absence of independent costings at the mini Budget, the Office for Budget Responsibility (OBR) forecast will be published four weeks earlier than planned

10 Oct 2022

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Tax | Stealth tax threshold freeze cuts income by £1,250

For every £1 given to households through headline cuts to taxes, £2 is being taken away in threshold freezes, warns the Institute for Fiscal Studies (IFS)

6 Oct 2022

Employment Tax

Image for chancellor release debt plan earlier planned

Tax | Chancellor to release debt plan earlier than planned

Chancellor Kwasi Kwarteng is expected to bring forward his debt-cutting plan to later this month, which details how the government intends to pay for its multi-billion-pound tax cut package

4 Oct 2022

Image for chancellor u turns plans abandon 45p tax rate

Tax | Chancellor U-turns on plans to abandon 45p tax rate

The Chancellor Kwasi Kwarteng has confirmed that the government has U-turned on its plans to scrap the 45p rate of income tax

3 Oct 2022

Image for scotland unlikely implement income tax cuts

Tax | Scotland unlikely to implement income tax cuts

The Scottish government is reviewing the measures announced in the mini Budget last week and will report back on the implications for devolved taxes next month

29 Sep 2022