Politics

Latest news

Image for treasury committee cancels making tax digital hearing

Tax | Treasury committee cancels Making Tax Digital hearing

The Treasury Select Committee has cancelled the two evidence sessions it had scheduled for this week, one on Making Tax Digital and the other with the Chancellor of the Exchequer, due to the upcoming snap general election

24 Apr 2017

Tax | George Osborne quits as MP

Former Chancellor George Osborne has announced that he is quitting as an MP ‘for now’ in a letter to his Tatton constituents, following the announcement of a snap election and only one month after he was announced as the new editor of the Evening Standard

19 Apr 2017

Tax

Politics

Image for finance bill 2017 should not be rushed through without scrutiny

Tax | Finance Bill 2017 should not be rushed through without scrutiny

The Chartered Institute of Taxation (CIOT) has written to Chancellor Philip Hammond urging him not to rush through a large number of tax changes, inlcuding Making Tax Digital, without any real parliamentary scrutiny, particularly since complex measures such as interest restriction have already faced repeated amendment

19 Apr 2017

Tax | Shadow Chancellor wants tax rises for £70k plus earners

John McDonnell, Labour shadow Chancellor, has given an early indication that the party’s manifesto for the forthcoming election is likely to include higher tax rates for those earning over £70,000 and a cap on executive pay

19 Apr 2017

Tax | May announces snap election on June 8

Prime minister Teresa May has announced a snap general election will be held on 8 June, saying she has only ‘recently and reluctantly’ decided this is needed to ensure parliamentary unity on Brexit negotiations, in a move likely to impact the passage of the Finance Bill through Parliament

18 Apr 2017

Tax

Tax Planning

Politics

Image for us corporate tax regime could shift territorial basis

Tax | US corporate tax regime could shift to territorial basis

The US corporate tax regime could be set for a major shift to a territorial basis, rather than its current worldwide basis, under plans to overhaul its system

23 Mar 2017

Tax | Osborne appointed as Evening Standard editor

Ex-Chancellor, George Osborne has been appointed as the new editor of the London Evening Standard starting from May, its owner Evgeny Lebedev has confirmed

17 Mar 2017

Tax | Brookes: government must replace Class 4 NICs revenue

David Brookes casts his eye over the Budget and predicts future tax measures to tackle disparities over employment taxes and digital real estate operations

15 Mar 2017

Tax | Herring: NICs U-turn symptom of lack of clear employment tax policy

The government needs to outline its broader policy on national insurance lest politics stymies development of a fairer tax regime, says Institute of Directors head of taxation Stephen Herring

15 Mar 2017

Tax | Trump’s leaked 2005 tax return reveals £31m bill

President Donald Trump’s partial tax return, which was leaked to a US television network on 14 March, shows he paid $38m (£31m) in tax on more than $150m (£123m) of income in 2005

15 Mar 2017

Tax | Collins: national insurance ripe for reform

With the future over the decision to raise the rate of NICs for the self employed, Gary Collins, tax partner at Mazars, shares his post Budget thoughts on the future of national insurance in the UK tax regime and asks whether a radical overhaul of the system would ever be possible

15 Mar 2017

Tax | Sturgeon calls for second Scottish independence referendum

First Minister, Nicola Sturgeon, has confirmed plans to ask for parliamentary approval to hold a second Scottish referendum, expecting to hold a vote in 2018/19

13 Mar 2017

Tax | Class 4 NICs rise to be delayed, says May

Theresa May has moved to delay Philip Hammond’s controversial move to raise Class 4 national insurance contributions (NICs) until the autumn after MPs and stakeholders expressed concern over the measure

10 Mar 2017

Tax | Osborne to earn £650k for working four days a month

Former Chancellor, George Osborne, is set to earn £650,000 a year from working only four days a month at global investment group, BlackRock, after updating his entry in the registry of MPs’ interests on Budget day

10 Mar 2017

Tax | Self employed backlash could scupper fairer national insurance system

In an attempt to make the tax system fairer and remove tax incentives for alternative forms of employment, Chancellor Philip Hammond has seemingly declared war on a group that ranges from taxi drivers and hairdressers through to independent consultants, contractors and accountants, reports Philip Smith

10 Mar 2017

Tax | Spring Budget 2017: tax avoidance enablers rules to raise £100m in fines

Fines against enablers of tax avoidance schemes are set to generate an extra £100m for the Exchequer, projections in the Budget show, reports Calum Fuller

9 Mar 2017