Politics

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Tax | Hammond to replace Osborne as Chancellor in post-Brexit cabinet

Incoming prime minister, Theresa May, has confirmed the appointment of Philip Hammond to replace George Osborne as Chancellor of the Exchequeur, with Brexiteers Boris Johnson named as foreign secretary and David Davies as secretary of state responsible for Brexit negotiations, reports Sara White

Tax | Parliamentary debate on EU referendum re-run

Parliament is set to debate the call for a second referendum on EU membership after an online petition gained more than four million signatories for the move, but the government has made clear that this does not mean there will be a vote to decide whether to re-run last month’s result to leave

Tax | Business secretary backs personal tax cuts

Business secretary Sajid Javid has backed the Chancellor’s plans for a cut in the corporation tax rate, and called for reductions in the personal tax rate, in order to avert a potential downturn following the Brexit decision in the EU referendum vote

Tax | HMRC warned Police Scotland on £76m VAT bill

Police Scotland is the only police force in the UK that is required by HMRC to pay VAT, having paid £76m in tax over the last three years, revealed by Police Scotland Chief Constable, Phil Gormley, in a letter to the Commons Home Affairs Committee
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