UK Tax

Fears that the Labour government would increase the capital gains rate on shares during the budget next week has led to a rush of retail investors into the government bonds market. The investment platform AJ Bell has reported a 71…

Rachel Reeves' budget will increase the capital gains tax rate on the sale and transfer of shares, other assets and property but not for second homes. The capital gains tax on the profits of selling shares, currently charged at a rate of…

Rachel Reeves ruled out an exit tax for wealthy people who leave the UK in order to avoid higher taxes, in this month's Budget. Meanwhile, business is bracing itself for a hike in the capital gains tax. In recent days, the chancellor was…

Stefano Vaccino gave a blunt appraisal of the risks involved in starting a new business. "As founders we left our secure jobs to take risks, put our own lives and the lives of our families at risk, and put our savings on line." In 2017,…

TotalEnergies' chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the Labour government to increase the tax rate and…

In the wake of Sir Keir Starmer's keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to address a £22bn shortfall in public finances. Starmer's…

As Prime Minister Keir Starmer warns of "painful" decisions ahead for the UK's public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases…

The UK government's borrowing figures for July have surpassed expectations, reaching £3.1 billion, which is more than double the amount recorded in the same period last year. This higher deficit has intensified the ongoing debate between…

Income tax receipts soared to an impressive £32.7 billion in July, marking the highest figure for that month since records began in 2008, according to the latest official data. This significant increase highlights the government's reliance…

London has always been a favourite among the rich and famous because of its well-connected financial center, which also offers a great deal in terms of culture. The UK capital could be losing its favored position among ultra-rich…

The tax officials have been under pressure to release estimated figures about offshore taxes avoided, after they withheld the information from a report that was published during the campaign. Lucy Frazer, the then Financial Secretary to…

This year, the number of UK residents paying the highest rate of income tax will surpass £1 million for the first. The state's finances are boosted by a freeze on thresholds and wage increases. Due to the freezing of income tax…

Official data shows that the number of people forced to pay income tax in Britain has risen by an estimated 4,4 million in just three years due to the government's freezing of thresholds. This statistic is likely re-ignite the tax debate in…

The UK tax authority has launched a crackdown against businesses operating as limited liability partnership. This could result in hundreds of millions of pounds being owed by private equity firms and professional service firms. HM…

Jeremy Hunt confirmed that the income tax threshold freeze of six years, which forces millions to pay higher rates, would last until 2028. Labour is free to copy the comments of the chancellor on Britain's largest tax increase on incomes…

Rishi Sunak, the Conservative Party's leader in the General Election campaign, will announce on Tuesday a £2.4bn (£2 billion) tax cut for retirees. The move is intended to bolster the "grey vote", a key Conservative constituency. The UK…

Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax revenues pushed government borrowing over £20bn in July. The Office for National Statistics said that the Budget Deficit,…

The IMF has warned Rishi Sunak to take more aggressive action to reduce the UK public debt. This puts into question the prime minister’s plans to cut national insurance. The IMF published its Fiscal Monitor on Wednesday, and listed the…