Tax | Higher rate taxpayers to hit record 5.5m

The number of higher rate tax payers is set to increase by 4.1% in 2022-23 with 5.5m individuals expected to pay the 40% rate

30 Jun 2022

Tax

Personal Tax

Politics

Tax | MPs call for prosecution of promoters of abusive tax schemes

MPs on the tax action group are calling for an amendment to the Economic Crime Bill to allow for prosecution of promoters and enablers of abusive tax schemes 

21 Jun 2022

Tax

Tax Planning

Politics

Tax | Chancellor defends universal £400 grant towards energy bills

The Treasury is in talks with the electriticy generation sector to agree plans for a windfall tax on excessive profits and reform of the industry to reduce prices

6 Jun 2022

Tax

Politics

Tax | More support for energy customers as loan becomes £400 grant

In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support

26 May 2022

Tax

Personal Tax

HMRC

Politics

Tax | Energy profits levy set to raise £5bn

Following calls for a windfall tax on oil and gas companies, the Chancellor has announced a 25% energy profits levy, set to raise £5bn in year one, effective from today

26 May 2022

Tax

Business Tax

Tax Compliance

Politics

Tax | Windfall tax voted down by MPs

MPs have voted against the introduction of a windfall tax for North Sea energy profits

18 May 2022

Tax

Business Tax

Politics

Tax | Treasury minister sets out tax priorities

The extension of Making Tax Digital to landlords and sole traders is critical for the government, as is reform of R&D tax reliefs and the apprenticeship levy, confirms minister 

28 Apr 2022

Tax

Making Tax Digital

Business Tax

Politics

Tax | Treasury whittles down shortlist for Darlington office

As part of the government’s plans to move civil service jobs out of London, the Chancellor is near to making a decision on a permanent base for the Treasury in Darlington

12 Apr 2022

Tax

Politics

Careers

Leadership & Management

Tax | Reshuffle sees Heaton-Harris move to Treasury

Chris Heaton-Harris has been appointed as parliamentary secretary to the Treasury and chief whip in a minor reshuffle

8 Feb 2022

Tax

Politics

Tax | £350 government support to help with rising energy bills

The Chancellor has set out a £9.1bn plan to support individuals with soaring energy costs including a discount on council tax and a loan to cover some of the price rise

3 Feb 2022

Tax

Politics

| Student loan repayment threshold frozen

The income level at which people have to pay back their student loan has been frozen at £27,295 for the next 12 months

31 Jan 2022

Politics

Business

Careers

Tax | National insurance hike will go ahead

Boris Johnson and Rushi Sunak have pledged to go ahead with the upcoming 1.25% rise in national insurance for employees and employers from April, saying it is a progressive tax

31 Jan 2022

Tax

Personal Tax

Politics

Tax | Second loan charge review rejected

The government has refused to undertake a further review of the loan charge situation, rejecting a clause to the Finance Bill allowing for a further enquiry into the loan charge following parliamentary debate

2 Dec 2021

Tax

Politics

Tax | Government rejects plans to reform capital gains tax

The Treasury has rejected plans proposed by the Office of Tax Simplification (OTS) to overhaul inheritance tax but has made a few concessions on capital gains tax to simplify the complex rules

1 Dec 2021

Tax

Personal Tax

Tax Compliance

Politics

Tax | Budget 2021: consultation on re-domiciliation for relocating businesses

As part of the Budget announcements, the government plans to change the rules on company re-domiciliation to make it easier for companies to move their domicile to and relocate to the UK

28 Oct 2021

Tax

International Tax

Politics