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
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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
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
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
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
From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20 percent. The threshold for VAT registration has been raised from £85,000 up
Jeremy Hunt has prepared an emergency Budget plan to scrap or reduce Britain’s non-dom tax rules in the event he needed to raise billions to fund pre-election mass-market tax cuts.
New analysis shows that Rishi Sunak’s stealthy tax raid could hit up to 900,00 pensioners next year with a unexpected income tax bill. The six-year tax threshold freeze by the
Pouring £400 million of taxpayers’ cash into a bankrupt satellite company in the middle of a pandemic was something of a head-scratcher for the public. But for Dominic Cummings, spending
The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to reduce taxes in advance of the expected general elections this
British Steel, a Chinese-owned company, has been shocked by the resignation of its auditor. The new auditor was unable verify stock worth tens and millions of pounds. Moore Kingston Smith,
The income tax revenue has risen by 70 percent since 2010, to £264 billion. This shows the dramatic increase in tax burden that successive Conservative governments have overseen since they
On Sunday, UK Prime Minister Rishi sunak and Labour Leader Sir Keir starmer squared off for a “fight”, as they set the battle lines for the general election to be
Video-game, TV, and film producers in the UK will receive more generous tax incentives from Monday. This comes after industry warned that the UK could lose out on animation and
UK pharmacy operators have reacted angrily to a probe conducted by HM Revenue & Customs on their use of locum pharmacies. They warn that a “retrospective attempt” by the tax
Chancellor Jeremy Hunt cut personal and business taxes by £20bn as part of his Autumn Statement aimed to boost growth. However, the UK’s Budget Watchdog warned that taxes in general
